On the recordMarch 25, 1999
Mr. Chairman, today we offer the first budget of the next century and a new agenda for the new millennium. I think this is a great day for the House, because we have been able to move forward from an era not very long ago when, as we looked out across the horizon, the economic horizon of this country, we saw deficits as far as the eye could see. The majority came into its position in 1995 when we first advanced the need for economic stimulus driven by tax relief, giving more power, providing more incentives for risk-taking, and at the same time a big dose of fiscal restraint; in other words, starting to get the Congress of the United States to live within its means. The fact is that in 1995, Mr. Greenspan, the chairman of the Federal Reserve System, said that if you can offer a legitimate and credible plan to balance the Federal budget, he said that he believed that interest rates would decline by 2 points.
Source
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