[Congressional Record Volume 140, Number 22 (Thursday, March 3, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 3, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
         DEMOCRATIC ACTION SPEAKS LOUDER THAN REPUBLICAN WORDS

  (Mr. VISCLOSKY asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. VISCLOSKY. Mr. Speaker, last year Congress passed the largest 
deficit reduction package in history. During the debate on that 
economic plan, Republican rhetoric did not reflect reality.
  For example, on February 18 of last year, the gentleman from Texas 
[Mr. Armey] said, ``I will tell you this: This program will not give 
you deficit reduction. It will be a disaster for the performance of the 
economy.''
  Mr. Speaker, the reality is that President Clinton's economic plan 
has reduced the deficit to its lowest level since 1979 relative to the 
gross economy. The reality is that the actual deficit for the last year 
was $73 billion lower than that projected in President Bush's budget.
  Mr. Speaker, the deficit is projected to fall to $226 billion this 
year, and decline again to $178 billion in 1995, putting our Nation on 
track for 3 years of reduced deficit. This is the first time this has 
happened since a Democrat, Harry Truman, was in the White House.
  Mr. Speaker, when it comes to deficit reduction, it is clear that 
Democratic actions speak louder than Republican words.

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