On the recordMay 15, 1996
we want to balance the budget. There is a Democratic plan to balance the budget. The question is this: Are we going to ask for shared sacrifice? Who is going to pay the price to balance the budget? The budget actually increases the deficit in the first year by $17 billion. We are going to have to borrow $17 billion to pay for tax cuts in the first year of this budget. In addition to that, we have corporate welfare cuts that would be difficult politically to institute because the special interests are supporting it in the Halls of Congress. We could do a better job of cutting corporate welfare. This budget does not do that. This budget looks at education and again cuts education, again cuts the growth in the Medicare program. We have to make difficult decisions, Mr. Chairman. Let us make them fairly. Let us ask all Americans to share that burden. We just passed a defense authorization budget that increases the defense budget above what the Pentagon asked for by $13 billion. Is that shared sacrifice? We should vote for a budget that is fair. This budget is not fair.
Source
govinfo.gov




