with a modest degree of courage and a generous share of good will, this bipartisan report may well be remembered as a landmark in political and economic history of the 1990's. Personally, I never believed that we would reach the goal of a balanced budget except during the first 6 months of a new Presidency, in which that President made it his highest priority. In spite of that belief, last year we almost did so with a Republican proposal that would, in fact, have balanced the budget. That proposal was rejected by the President, but, nevertheless, it moved us forward on the right road. It was followed by a proposal by the President, and another by Democrats in this body, that moved the two sides closer together but still left a great gulf between them. Now, working together, we do have a proposal before the body this day for a very real balanced budget, a very real balanced budget based on the reform of entitlements which are both expensive and expansive and which will ultimately destroy the financial security of this country. Modest in some areas, dramatic in other areas, yet, nevertheless, will do the job.
Editor's note · Context
Discussing the importance of a bipartisan balanced budget proposal during a Senate floor debate.
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