Wayne Allard: “I want to commend Chairman Kasich for his leadership on this budget. Once again, the Budget Committee is leading the way…”

“I want to commend Chairman Kasich for his leadership on this budget. Once again, the Budget Committee is leading the way in downsizing the Federal Government. This budget shifts power, money, and influence out of Washington and back to the people. It keeps us on the path to balance and ensures that Congress will continue to make the tough choices necessary for deficit reduction. This budget will eliminate deficits entirely by 2002. We can then begin the very difficult task of reducing the $6 trillion debt that we will have built up by that time. Let us not forget, even when we end deficits we still have a huge bill to pay from past congressional excess. A balanced budget is about much more than numbers. It means higher wages and more jobs. This results from the lower interest rates and the greater saving and investment that become possible when Congress exercises the necessary discipline. This Congress has been responsible for a reduction of $40 billion in discretionary spending in 1995-96. We have already begun to see the fruits of that labor with lower interest rates. This means everything from lower mortgages to more affordable college loans for millions of American families. One thing that I have learned in the past year and a half is that achieving a balanced budget is going to be a long hard battle. We are going to fight that battle, and we are going to win that battle.”