Charles W. Stenholm: “I have waited 24 years for this day to shuck the tax-and-spend Democratic label and transfer it to the Republican…”

“I have waited 24 years for this day to shuck the tax-and-spend Democratic label and transfer it to the Republican borrow-and-spend label. I say this with a smile on my face, and I am one of those that believe when I am pointing the finger of partisanship, there are always three pointing back at me. I will take the three best shots of the gentleman from Iowa (Mr. Nussle), but I insist the gentleman takes my one at this time. The gentleman said we have a difference between our two philosophies today. This chart shows it. Our budget is the green budget. The yellow budget I ran against in 1978 because I thought deficit spending was bad. I voted for the Reagan tax cuts; and this is what we got, following the same economic theory that we once again are being asked to support today. I am for the green. The Blue Dog budget will accomplish that based on the estimates. The gentleman's budget today will keep us in Social Security for the remainder of the 10 years the gentleman is talking about. I commend the gentleman from Iowa (Mr. Nussle), as the gentleman from Indiana (Mr. Hill) did. The budget he brought out of committee was an honest budget. It told this conference and this Congress and the American people that if they want tax cuts, they have to pay for them. They have got to do the spending cuts that they suggested. However, the gentleman's own conference said, no.…”