Richard K. Armey: “The fact of the matter is part of the story that the Vice President does not tell us is that he did in fact vote in 1993…”

“The fact of the matter is part of the story that the Vice President does not tell us is that he did in fact vote in 1993 for President Clinton's budget, that budget that increased taxes, a larger increase in taxes than any other time in the history of the world, increased taxes on gasoline, increased taxes on Social Security benefits, increased taxes across the Nation. Then in 1997, in fact, he vehemently objected to our budget agreement where we reduced taxes and set us on the course to a balanced budget. The clear fact of the matter is that if you took the Congressional Budget Office and the Office of Management and Budget at the White House, the projections that they made in 1994 for where we would be this fiscal year under the President's 1993 budget, that budget for which the Vice President so consistently claims credit by virtue of having cast the tie-breaking vote in the Senate, that under that budget had it continued, we would have had a $264 billion deficit this year. Now, that was not my projection. That was the projection made by the President's own Office of Management and Budget, which was agreed to by the Congressional Budget Office.”