[Congressional Record Volume 141, Number 48 (Wednesday, March 15, 1995)]
[House]
[Page H3161]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1030
                 RESCISSION BILL IS ON THE RIGHT TRACK

  (Mr. LINDER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. LINDER. Mr. Speaker, several years ago the American people were 
rightfully outraged when U.S. Congressmen wrote checks on empty bank 
accounts. The House Bank scandal was a disgrace to this body and an 
example of the lack of fiscal accountability common in Washington.
  However, there seems to be less anger from the American people and 
less shame in this Congress today, as the Federal Government continues 
to write checks on an empty account.
  The debt has reached crisis proportions, but President Clinton and 
the liberals have renounced any responsibility to this disaster--
despite the fact that Bill Clinton himself noted in his 1994 budget 
that if left unattended the debt would force future generations to pay 
an 82-percent tax rate.
  We have a moral obligation to clean up this mess. The rescissions 
package is a good start. The Republicans aim to rescind $17.2 billion.
  Lobbyists are up in arms. If that many special interest groups hate 
the rescissions bill, I know we are on the right track.

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