as I stated the day the Government Reform and Oversight Committee favorably reported this bill, I believe the district of Columbia will today move one step closer to self-sufficiency, to financial independence, perhaps even to true home rule. The District government is bankrupt. In about 1 month, the city government will not have the money to pay the bills that await. The legislation we are about to pass is designed to reverse that crisis and put the residents of the District and their government back on sound financial track. While I want the D.C. Subcommittee Chairman, Tom Davis, to summarize this legislation, I want to remind my colleagues that while other solutions to the District's problems were available, none of them provide the appropriate answers at this time. Some have called for a cash bailout--a solution that is simply unacceptable to this Member of Congress and I suspect a majority of my colleagues. It is quite obvious that without meaningful government reform and strong fiscal discipline, there is absolutely no evidence that a large infusion of cash would permanently relieve the underlying causes of the District's current budget crisis.
Editor's note · Context
Discussing legislation aimed at addressing the financial crisis in the District of Columbia.
Share
More from William Clinger
Mr. Speaker, on February 6 of this year the House passed H.R. 2, to give the President the line-item veto. The Senate followed suit in adopting S. 4, a separate enrollment version of item veto which was both considerably weaker than the…
Mr. Chairman, this bill, the Federal Acquisition Reform Act of 1995, is an important piece of legislation, which the gentleman from South Carolina [Mr. Spence], chairman of the Committee on National Security, and I introduced along with…
I would indicate that I think a ``yes'' vote on this matter would in effect be saying that we would allow an unfunded mandate to be passed through, or open the door to passing through, an unfunded mandate to the States. Those who would…
I think we have had a very thorough debate. We are ready to vote on this matter. It is clear, there is a significant difference between us on this major issue. I would point out one thing: The gentlewoman from Illinois said not one word…





