[Congressional Record Volume 140, Number 139 (Thursday, September 29, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: September 29, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
               REPUBLICANS' CONTRACT FOR FISCAL DISASTER

  (Mr. PRICE of North Carolina asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. PRICE of North Carolina. Mr. Speaker, if anyone wondered about 
whether Republicans cared about reducing the Federal deficit or being 
fiscally responsible, we got a clear and resounding answer on the steps 
of the House on Tuesday: No.
  The Republicans' contract for fiscal disaster would reverse the 
tremendous progress we have made on reducing the Federal deficit. It is 
incredible that just when we have succeeded in getting the deficit down 
for 3 years running--the first time since Harry Truman's 
administration--the Republicans want to resurrent discredited supply-
side economics and blow the deficit sky high.
  But you do not have to believe a House Democrat. One Republican 
Senator has been quoted in the Wall Street Journal as saying the 
Republican proposal is ``just blowing away money.'' And Martha Phillips 
of the Concord Coalition said in the Washington Post, ``The question 
is, `how do you pay for that and does anyone care about the deficit?'''
  Our efforts at deficit reduction are too critical to fall prey to a 
political stunt by the House Republican leadership. I urge those 
Republicans who signed on so eagerly Tuesday to go back to their homes 
and let people know they have signed over the interests of their 
districts to Republican party leaders in Washington without consulting 
them. And then let them know it will cost a trillion dollars. And after 
their constituents are revived by smelling salts, I hope they will do 
the correct thing for their district and the Nation: Remove their name 
from the Republican contract for fiscal disaster.

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