last year Congress approved a budget opponents claimed would ruin the Nation. They waged a campaign of misinformation aimed at the middle class. They said it would drive the economy into failure. However, 1 year later we find a substantially reduced deficit, a leaner Government, a growing economy and a stable middle class. The President's new budget, submitted this week, proposes more spending cuts and an even leaner Government. The new budget proposes to eliminate over 100 programs, thus saving billions of dollars. Last year reason defeated fearful rhetoric. Unfortunately, this year I expect to hear the same old wails of opposition as we take up the new budget. But the American public has caught on to that tactic. I am confident that reason will once again prevail, as we continue to lead our Nation into this new era.
Editor's note · Context
The speaker discusses the positive outcomes of last year's budget and the new budget proposal.
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