[Congressional Record Volume 141, Number 15 (Wednesday, January 25, 1995)]
[House]
[Page H602]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                              {time}  1210
                       BALANCED BUDGET AMENDMENT

  (Mr. HOYER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HOYER. Mr. Speaker, last night President Clinton spoke of a 
covenant of rights and responsibilities between Government and the 
American people. Today we begin again the renewal of our responsibility 
to manage our Nation's money with common sense and discipline.
  The issue of balancing the budget is not a conservative or liberal 
one, nor is it an easy one, but it is an essential one for us in this 
House, for the American people, and most assuredly, for future 
generations.
  The 1980's saw an explosion of debt in Government, in business, and 
in personal finances. It threatened our economic health and strength. 
We dramatically addressed this crisis in 1993, and the debt is 
receding, but we must ensure that the competing demands for Federal 
resources do not erode our fiscal covenant of responsibility. That is 
why I believe it so important for us to adopt the Stenholm-Schaefer 
balanced budget amendment.

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