[Congressional Record Volume 141, Number 78 (Thursday, May 11, 1995)]
[House]
[Page H4800]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          SHRINKING THE BUDGET

  (Mr. WISE asked and was given permission to address the House for 1 
minute.)
  Mr. WISE. Mr. Speaker, if they are making a movie this summer of the 
Republican budget, I think it can be titled ``Honey, I Shrunk the 
Budget and I Blew Up the Economy.'' I blew it up by gutting Medicare, 
cutting it up to 25 percent. And who will pay for that? Senior 
citizens, by not getting care; businesses and young people, by having 
to pay more insurance premiums; hospitals that have to close because 
they cannot absorb these kinds of losses.
  Blew up the economy by cutting programs that bring growth. Student 
loans cut by $33 billion. Student loans that affect almost every person 
in this country. The Economic Development Administration, the linchpin 
for so much industrial develop, the Appalachian Regional Commission 
terminated. These grow the economy; the Republican budget shrinks it. 
Balancing the budget, Mr. Speaker, is important for a strong economy. 
But not with this budget and not one that bankrupts the economy.

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