[Congressional Record Volume 141, Number 44 (Thursday, March 9, 1995)]
[House]
[Page H2900]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 NOW IS THE TIME TO BALANCE THE BUDGET

  (Mr. BASS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. BASS. Mr. Speaker, the Committee on the Budget yesterday heard 
from Federal Reserve Board Chairman Alan Greenspan, and when he was 
asked by the chairman of the Committee on the Budget why it is 
important that we balance the budget, he said, and I quote ``I would 
say * * * in the short run * * * that there would be some strain 
leading to a period in which I think their,'' meaning the people of 
this country, ``real incomes and purchasing power would significantly 
improve, and I think the concern, which I find very distressing, that 
most Americans believe that their children will live at a standard of 
living less than they currently enjoy, that that probability would be 
eliminated and that they would look forward to their children doing 
better than they.''
  Mr. Speaker, we have heard a lot of talk this morning about children 
and the welfare of children. If we really care about the future of the 
children in this country, in whose millions of little hands the future 
of this country will lie, then we will move as a body to balance our 
budget, and balance it by the year 2002.
  This is spoken by the Chairman of the Federal Reserve Board. If there 
was ever a need to move forward, the time is now.

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