Balancing the budget, without raising taxes, and deals also with Federal spending. You know, spending money, especially other people's money, is sort of like alcoholism. A fellow asked, ``Does he have a drinking problem?'' And he says, ``No, he has a stopping problem.'' That is what we have in this Government. But if we deal with the spending problem, here is what has to happen. Families have to balance their budget. Government does not have an income problem. It has a spending problem. Mr. President, 38.2 percent of the family's income right now goes for taxes. So there is no doubt about it, a balanced budget will put more money in the pockets of Americans, not just a selected few, all Americans--single-income taxpayer, double-income taxpayer, newlyweds, farmers, ranchers, high tech, low tech. Everybody wins with a balanced budget. The best way to increase our take-home pay, not only earn more but save more, to keep more in your pocket at the end of the month--it is better than any other program--is to go with a balanced budget. I applaud my colleagues who have worked so hard on this budget, presenting it to this Congress later on this week. I stand in support of that budget.
Editor's note · Context
Discussing the importance of a balanced budget and its impact on American families.
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