[Congressional Record Volume 140, Number 76 (Thursday, June 16, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


[Congressional Record: June 16, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                              THE ECONOMY

  (Mr. OLVER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. OLVER. Mr. Speaker, I am still new to Washington, and I am still 
amazed at how people here get caught up in things that do not matter to 
ordinary Americans.
  Now, the American economy does matter. Let's stop playing politics 
for 60 seconds and look at some facts.
  Jobs are being created at the blistering pace of 6,000 new jobs a 
day. Inflation is under control. This week the Labor Department 
reported that the inflation index moved up only two-tenths of 1 percent 
in May. We will have 3 years in a row of declining budget deficits for 
the first time since Harry and Bess Truman lived in the White House 
almost 50 years ago.
  We have begun to get the Federal Government's fiscal house in order. 
Growth in discretionary spending is down. More than 100 Government 
programs have been terminated. More than 500 have been cut below last 
year's spending and 15 million working families received a tax cut.
  Mr. Speaker, I hope that in the few weeks left before summer recess, 
the Congress can lay aside its partisan gamesmanship and focus on 
something else that really matters to Americans--health care security 
so that the next time unemployment is on the rise, every American has 
health care than can never be taken away; that will mean more than any 
partisan advantage.

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