I did a little homework and found out that the last plan that was around here to balance the budget in 10 years that was offered never actually came to the floor of the House, but it was put together. It was by the chairman of the Budget Committee at the time. The chairman of the Budget Committee at that time was Leon Panetta, now Chief of Staff at the White House. But at the time of putting this budget together in 1991, he was chairman of the Budget Committee. This was after the Bush budget battle of 1990, and he thought it would be responsible. I give him credit for this, because I was on the Budget Committee at the time and worked very closely with then Chairman Panetta. I had the utmost respect for him and his ardor in putting forward plans to put this country back on sound fiscal footing.
Editor's note · Context
Discussing past budget plans and the role of Leon Panetta in fiscal policy during a floor speech.
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