[Congressional Record Volume 140, Number 12 (Wednesday, February 9, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 9, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                  THE PRESIDENT'S POLICIES ARE WORKING

  (Mr. RICHARDSON asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. RICHARDSON. Mr. Speaker, President Clinton's budget shows that he 
kept his word. He is making deep and painful spending cuts. These cuts 
stretch over all programs including in my State of New Mexico. But we 
must support his efforts to reduce the deficit.
  Because of the President's policies, the deficit is shrinking. 
Projections show the 1995 budget deficit to be $176.1 billion. As a 
percentage of GNP, that is the lowest the deficit has been since 1979, 
a year before the 12 years of Reagan-Bush record deficit spending.
  President Clinton makes real cuts. More than 300 programs are cut 
below the 1994 enacted levels and 115 programs are terminated.
  Most important, the President's policies are working. In the first 
year of his presidency, nearly 2 million jobs were created. Interest 
rates are low and more than 5 million homeowners are saving hundreds of 
dollars a month by refinancing.
  Mr. Speaker, President Clinton is doing what the American people 
elected him to do. It is time for the opposition to cease their 
partisan bellyaching and work with the President to serve the county.

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