John Williams: “I rise in support of the budget resolution before the House today. This resolution implements the spending cuts mandated…”

“I rise in support of the budget resolution before the House today. This resolution implements the spending cuts mandated by the deficit reduction package enacted by Congress last year. This resolution projects a deficit of $175 billion in fiscal year 1995, a full $115 billion less than where our Nation was 3 years ago. It results in a deficit that represents the smallest share of our economy since 1979. That is significant progress my friends and the nay-sayers on the other side of the aisle should stand up and take note. To achieve these savings, we are trimming discretionary spending to $102 billion below the baseline level, by maintaining the spending caps on discretionary programs for fiscal years 1994 through 1998. In fact, this resolution is $6.8 billion in budget authority below the discretionary cap for fiscal year 1995. President Clinton's budget presented us with a number of important investment opportunities. This budget assumes 92 percent of these investments in such efforts as Head Start, job training, compensatory education, WIC, and crime control. This budget also assumes most of the extensive cuts in discretionary spending with the termination of 100 programs and spending cuts in more than 200 others. This budget resolution wisely rejects the President's proposed cuts in low income energy assistance and in mass transit operating funds.”