I have participated in the first Congress in 26 years that actually voted to cut spending. Not a single Congress for 26 straight years actually voted to cut spending. People ask me, how did this happen in the 1980's, if Reagan's tax policies actually worked? And you are, right here, right now, showing us exactly how that happened. Frankly, I believe that if this Congress, the one we have now that has cut spending for the first time in 26 years, would have been the Congress under Ronald Reagan, the growth here, coupled with the spending cuts, would have achieved a balanced budget, because the two coming together is what you do. You cannot have spending rising above income. Income was going up. Spending was going up even higher. A lot of Members were getting reelected by giving away the ranch, so to speak, and continuing to do that. And we have just now accepted our fate as a nation and come to these tough votes to reduce spending for the first time. The country does have a choice this fall.
On the recordSeptember 18, 1996
Source
govinfo.govEditor's note · Context
Discussing the significance of spending cuts in Congress and their relation to Reagan's tax policies.
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