[Congressional Record Volume 140, Number 25 (Wednesday, March 9, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


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

 
              THE HOUSE SHOULD HOLD HEARINGS ON WHITEWATER

  (Mr. GILCHREST asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. GILCHREST. Mr. Speaker, I would like to make a quick comment 
about whether or not the House should hold hearings on the so-called 
Whitewater incident. I think it is the absolute responsibility of the 
Committee on Banking, Finance and Urban Affairs to hold hearings on the 
RTC regulation of savings and loans in Arkansas. I also think that 
comparing this to Watergate is essential; it is important, it is 
revealing. Watergate revealed a great deal of more information to the 
American people, and they are the ones who should know, than the 
independent counsel would have exposed to the American people had there 
not been hearings on Watergate.
  Mr. Speaker, if we want to accept the responsibility as public 
officials to the American people, I think it is important for this 
Congress to hold hearings.


                     thoughts on the budget debate

  Mr. Speaker, I also want to make some comments about this huge 
deficit that we have in this country. Tomorrow there will be debates on 
the budget. On Friday there will be an amendment or there will be a 
bill by the gentleman from New York [Mr. Solomon], that will balance 
the budget in 5 years. It is for the most part an academic exercise. It 
may not pass, but it is important. It is vital for us to understand how 
we can compare the President's budget to a real balanced budget bill.

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