On the recordJune 18, 1996
here we go again. The same group that shut down the Government last winter has given us a budget that is way out of balance. The Gingrich Republican budget cuts Medicare, cuts Medicaid, increases by $12 billion the military budget, more than the Pentagon asked for, and increases taxes on people making $15,000 to $30,000 a year, at the same time swelling the budget deficit, all to give tax breaks to the richest people in this country. Three years ago the budget deficit was $290 billion. This year we have got it down to $130 billion. We have cut it in half. Unfortunately, the Gingrich budget increases the budget deficit to $153 billion next year and a comparable amount the following year instead of bringing the budget deficit down. At the same time it cuts Medicare by $162 billion, it cuts Medicaid $72 billion, again all to give a tax break to the wealthiest people in this country. Mr. Speaker, it simply does not make sense.
Source
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