[Congressional Record Volume 140, Number 90 (Wednesday, July 13, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: July 13, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                THE DEMOCRATIC ECONOMIC PLAN IS 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, for a dozen years, the Republican Party 
talked about reducing the deficit. They talked about reining in Federal 
spending. They talked about making our Government fit the reality of 
our pocketbooks.
  But for a dozen years, there was too much talk, and not enough 
action.
  The deficit swelled. Spending soared. The Republicans, for all their 
tough talk, brought us right to the brink of bankruptcy.
  Then President Clinton and the Democrats in this Congress decided it 
was time to put America's house in order. Just yesterday, the Office of 
Management and Budget shared the results of that 18-month effort. And 
the results are dramatic:
  Federal spending, as a percentage of our gross domestic product, is 
lower than under Bush or Reagan.
  By the end of this decade, we will have slashed almost 275,000 
Federal positions, making the Federal work force smaller than it has 
been since the Kennedy administration.
  By next year, the deficit, as a percentage of national income, will 
be half as big as it was when Bill Clinton took office.
  Next year will be the first time the deficit has gone down for 3 
years in a row since the buck stopped on Harry Truman's desk.
  The Republicans called our economic plan a job killer. They said it 
was a one-way ticket to a recession. Not a single Republican voted for 
it.
  So the real question is: When will the Republicans give us credit for 
doing what they could not do for 12 long years? When will they stop 
carping about the Democratic economic plan, and start working with us 
to keep this Nation on the road to recovery?

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