Political Quotes

Gerald B. H. Solomon: “In just 1 hour from now this Congress is going to have the opportunity to live up to your rhetoric and, for the first…”

On the recordMarch 10, 1994
In just 1 hour from now this Congress is going to have the opportunity to live up to your rhetoric and, for the first time in many years, actually vote for a balanced budget. This country is drowning in a sea of red ink that has literally turned this great country into a debtor nation; where the accumulated debt has grown so large--a debt incidently owned by mostly foreign nations--the interest on which is now larger than the amount we spend on our military budget. The Democrat budget before us today does nothing to stop this hemorrhaging red ink, adding almost $200 billion a year to this unconscionable deficit. The balanced budget we present to you today stops that deficit spiral, and actually produces a surplus that begins to pay off the debt in the year 1999, 2000, and 2001. This balanced budget contains more than 500 specific cuts totalling more than $600 billion.
Said by
Gerald B. H. Solomon
New York
Source
govinfo.gov

Editor's note · Context

Discussing the need for a balanced budget during a congressional debate.

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