[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]
PASS A TRULY BALANCED BUDGET
(Mr. SOLOMON asked and was given permission to address the House for
1 minute.)
Mr. SOLOMON. Mr. Speaker, tomorrow this body will begin debate on the
Clinton budget which increases our national debt by almost $2 trillion
over the next 5 years. But the balanced budget task force has an
alternative to that kind of fiscal irresponsibility.
Our budget, that we will present on the floor tomorrow, balances the
budget within 5 years. It does that by cutting over $600 billion in
Federal spending with over 500 specific cuts. It does not raise taxes,
it does not touch Social Security trust funds, it does not touch earned
veterans' benefits. It does restore the defense budget which was
decimated by the Clinton plan. And 4 years from now we will have a
balanced budget with a surplus of $5 million; in the 6th year we will
have a surplus of $5 billion, and that is going to help restore fiscal
responsibility to this Congress. We do it by cutting and consolidating
and terminating and eliminating and privatizing and contracting out and
merging and selling off many Federal portfolios. We tighten the belt of
the Federal Government, which is what the American people want.
I ask Members to vote for this balanced budget tomorrow.
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