[Congressional Record Volume 140, Number 134 (Thursday, September 22, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 22, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1020
 
                         CONTRACT WITH AMERICA

  (Mr. WISE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. WISE. Mr. Speaker, Tuesday, September 27, many Republicans say 
they are coming to the Capitol steps to sign a contract with America. 
Let us listen to what that contract has in it, always read the big 
print as well as the small print: $200 billion of tax cuts, everybody 
loves that; increased defense spending; and a balanced budget, all 
within 5 or maybe 7 years.
  We have heard this river boat gamble before. It was called Reagan 
supply side economics. It takes us from less than a $1 trillion 
national debt to a $4.5 trillion national debt in 12 years.
  The Republicans and their contract with America do not mention a few 
things. They do not mention that they voted against the family tax cut 
package that passed here and provided tax cuts to 100,000 working West 
Virginia families. They do not mention the deficit reduction plan that 
they voted against that has already created record deficit reduction in 
this country.
  Tax cuts, increased spending and no mentioning where they intend to 
cut the budget. Mr. speaker, this is not a contract with America. It is 
a con on America.

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