[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 ECONOMY IS ON THE MOVE AGAIN

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, today I am proud to join my colleagues to 
talk about the budget that we passed last year and the positive effects 
of that budget.
  Today, the Office of Management and Budget will release its mid 
session review of the budget. The numbers show an economy on the move 
again. Last year, we made the tough choices, passed a budget package 
that has created jobs, lowered the deficit, cut spending, and cut 
taxes. A budget that has put people first again.
  We have created jobs--6,398 private sector jobs a day. We have 
lowered the deficit. And it is not going to be the $500 billion once 
projected but $700 billion over the next several years. We have reduced 
the deficit 2 years in a row for the first time in two decades.
  We have cut spending and cut the bureaucracy. Spending is projected 
to be lower during the Clinton administration than during either the 
Bush or Reagan administrations. More than 115 programs have been 
eliminated from the 1995 budget.
  We have cut taxes for millions of Americans. The earned income tax 
credit rewards work and cuts taxes for 15 million working families who 
make less than $27,000 a year.
  Yes, there is still much work to be done. But those of us who stood 
with the President and made the tough choices last year can be proud 
today that both our economy and our priorities are back on track.

                          ____________________