Melvin Watt: “some people will say that this is the Black Caucus budget, but the truth of the matter is, this is the America budget.…”

“some people will say that this is the Black Caucus budget, but the truth of the matter is, this is the America budget. The Black Caucus is the only organization which has stepped up to the plate and met the challenge of balancing the budget not in the year 2002 but in the year 2001. As we can see from this chart, in every single year between now and 2001, under the Black Caucus budget, our deficit is substantially less than any other budget that is on the table for consideration. The reason is that under every other budget proposal they are decreasing taxes, and that is like going on a diet by gaining weight in the beginning. One cannot lose weight by gaining weight first and then going on a diet. One just cannot do it. We go directly to a balanced budget in the year 2001. This is the budget that America should support. This is the budget that my colleagues should support.”