On the recordMarch 15, 1995
in my hand is the most expensive credit card in the history of the world, a credit card that has piled up 4.7 trillion dollars' worth of debt and $247 billion in budget deficits for as far as the eye can see. This credit card is a voting card for Members of Congress. We are continuing to imprison our children and theirs by this runaway spending. Today on this floor House Republicans are going to begin the effort to stop this runaway spending with a $17 billion rescission package, and in May we are going to lay out a 7-year plan to balance our budget. And we believe that this year we need to make a significant downpayment on that effort. We are going to be hearing from the left how we are hurting this and stopping this, all of the pain today. And I will say this: There will be pain today, there will be discomfort, but our effort is to make the courageous decisions to protect our children and their children.
Source
govinfo.gov




