[Congressional Record Volume 140, Number 11 (Tuesday, February 8, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 8, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                        FISCAL YEAR 1995 BUDGET

  (Ms. HARMAN asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. HARMAN. Mr. Speaker, the fiscal year 1995 budget that President 
Clinton sent to the Congress yesterday reflects the tough fiscal 
choices that the Congress made last year. The President has slated over 
100 programs for complete elimination, and I think the Congress has an 
obligation to match or exceed that level of budget discipline.
  I was particularly pleased to see the revenue increase and spending 
reductions credited to the deficit reduction trust fund. As one of the 
coauthors of the trust fund during the budget deliberations last 
summer, I viewed it as vital to ensuring that budget savings went to 
deficit reduction--not new spending.
  The fiscal year 1995 budget shows what this means: The deficit was 
reduced by $46.7 billion in fiscal year 1994 and will go down another 
$82.7 billion in fiscal year 1995. There will be a cumulative total of 
$504.8 billion in deficit reduction by fiscal year 1998.
  My constituents have demanded real spending cuts and deficit 
reduction, and it is finally happening.

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