Political Quotes

“I rise in support of House Concurrent Resolution 218, the budget resolution for fiscal year 1995. Last year, the Democrats in Congress took a bold step and approved the principles of President Clinton's economic growth and deficit reduction package outlined in the Omnibus Budget Reconciliation Act. Not one Republican joined us in supporting this plan. Instead, they stood up here spreading misinformation and giving dire predictions about its impact on the economy. They said the plan would destroy our economy, increase the deficit and kill jobs. Mr. Speaker, the economic reality is that last year's budget package has strengthened this economy. In fact, in recent testimony to the Joint Economic Committee, Federal Reserve Chairman Alan Greenspan said ``* * * the underlying, long-term economic outlook in this country is improving quite measurably and, indeed, I don't recall as good an underlying base for the long-term outlook that we have today in the last two or three decades.'' Under President Bush, the economy grew at the slow rate of merely 1.5 percent, the weakest growth of the post-war period. The President's plan has turned this around. In 1993, the economy grew at a rate of 3.2 percent and topped off with a rate of 7.5 percent in the last quarter. Leading indicators show that the economy will continue its strong performance. In addition, under the President's plan, the deficit has shown dramatic improvement.”