On the recordOctober 15, 1998
let me take a minute to look at this question of a balanced budget. We hear our Republican colleagues talk with pride about the fact that they passed a balanced budget and we have a surplus. Let us go back five short years ago when there was a bill in 1993 before this House. The bill said let us cut $250 billion of programs, and let us increase $250 billion of taxes on the top 2 percent of Americans. Ninety-eight percent of the Americans were exempt from that tax increase. At that time, not one single Republican vote was cast for that plan that President Clinton gave to the American people. It was passed overwhelmingly by Democrats, without one single Republican vote, a $500 billion process that put us on the target now where we have over 16 million new jobs, a $70 billion surplus and many other positive things. We did it, not them.
Source
govinfo.gov
