[Congressional Record Volume 141, Number 15 (Wednesday, January 25, 1995)]
[House]
[Page H659]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


         A GLOOMY PICTURE WITHOUT THE BALANCED BUDGET AMENDMENT

  (Mr. DUNCAN asked and was given permission to address the House for 1 
minute.)
  Mr. DUNCAN. Madam Speaker, former Senator Paul Tsongas wrote in the 
Christian Science Monitor a few months ago these very important words:

       If you think sending a chunk of your hard-earned income to 
     the Internal Revenue Service was tough this year, imagine the 
     responses of future taxpayers who will face average lifetime 
     tax rates of an incredible 82 percent.
       Confronted with the burdens of a monstrous national debt, 
     an aging population, and runaway federal entitlement 
     programs, tomorrow's Americans will be turned into a 
     generation of indentured servants. They won't stand for it. 
     Without action today, we are likely to see generational 
     political wars by the end of the decade.

  We need to heed those words of former Senator Tsongas. That is why we 
need a balanced budget amendment. That is what this is all about. It is 
to give our children and grandchildren some hope for a good standard of 
living and for an economic future as bright as ours has been.
  Madam Speaker, I am including at this point in the Record the 
complete article by former Senator Paul Tsongas, as follows:

                  [From the Christian Science Monitor]

Just When You Thought The Deficit Was Under Control--The Fine Print in 
                Clinton's Budget Paints a Gloomy Picture

                  (By Paul Tsongas and Jonathan Karl)

       If you think sending a chunk of your hard-earned income to 
     the Internal Revenue Service was tough this year, imagine the 
     responses of future taxpayers who will face average lifetime 
     tax rates of an incredible 82 percent.
       Confronted with the burdens of a monstrous national debt, 
     an aging population, and runaway federal entitlement 
     programs, tomorrow's Americans will be turned into a 
     generation of indentured servants. They won't stand for it. 
     Without action today, we are likely to see generational 
     political wars by the end of the decade.
       It's a mess created by bipartisan fiscal irresponsibility 
     in Washington. And far from addressing the problem, the 
     politicians are insisting the deficit is ``last year's 
     issue.''
       The bad news can be found buried deep within President 
     Clinton's 2,000-page, four-volume budget for 1995, which was 
     recently passed by Congress.
     

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