John Chafee: “That is the latest figure that they have. Now, what does that mean, when we run a budget deficit like that? By the way…”

“That is the latest figure that they have. Now, what does that mean, when we run a budget deficit like that? By the way, the deficit in the following year is in the billions, likewise. I am sure for 1995, when we are going to embark on this program with some $400 million more than this requests in its authorization for the current year, that means we are going to send the bill to our children. It is all well and good to give sturdy speeches out here about doing something about the deficit, having courage. But here we start right off with a measure that spends $2.8 billion to take care of big business, to a considerable degree, and send the bill to our children. Mr. President, I think that is wrong. Can nice arguments be made in favor of this spending? Of course they can be made. Just like there is not one of us who could not be here on the floor and dream up 100 programs that are not only good for our Nation but we can classify as investments; that key word, ``investment.'' But in the final analysis we are sending the bill to our children. I think it is wrong. I hope this measure will be defeated.”