[Congressional Record Volume 140, Number 91 (Thursday, July 14, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: July 14, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1020
 
                         ECONOMY STILL GROWING

  (Mrs. MEEK of Florida asked and was given permission to address the 
House for 1 minute and to revise and extend her remarks.)
  Mrs. MEEK of Florida. Mr. Speaker, there is good news on the economic 
front. Unemployment is down, Federal spending is down, the deficit is 
down, and the economy, well, it is still growing.
  New deficit estimates show that the President's economic programs are 
a remarkable success, reducing the deficit 2 years in a row for the 
first time in two decades. And, the projected deficit for fiscal year 
1994 is now $220 billion, $85 billion less than was projected prior to 
the President's economic plan, and even $15 billion lower than was 
projected this February. Mid-year projections show that the 1995 
deficit is expected to decline $167 billion, some $135 billion less 
than projected.
  The President's economic policies are moving America forward and 
putting people back to work. Nearly 6,398 private sector jobs a day are 
being created, more new jobs have been created in the last year than in 
all of the previous 4 years.
  Yet and still, we hear all of the talk from the naysayers on the 
other side of the aisle who say that this President is headed in the 
wrong direction, and that our economy is on the wrong track. I say, 
tell that to the 6,398 people who find new jobs in the private sector 
each day. Tell that to all of the people who have come off unemployment 
and found work in the last year.
  Oh, no, our economy is headed in the right direction all right, it is 
headed up. It is still growing.
  Let us hear it for the Democratic administration.

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