[Congressional Record Volume 141, Number 82 (Wednesday, May 17, 1995)]
[House]
[Page H5085]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




         STILL NO PLAN FROM THE PRESIDENT TO BALANCE THE BUDGET

  Mr. WELLER asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  (Mr. WELLER. Mr. Speaker, Thomas Jefferson said, ``We should consider 
ourselves unauthorized to saddle posterity with our debts, and morally 
bound to pay them ourselves.'' And yet as of yesterday, the national 
debt stood at $4,881,377,281,278.42, an increase of $22.2 billion.
  At this rate, the national debt will have increased by another 
$15,448,819 in the time it takes me to finish this short 1-minute 
speech.
  The debt burden for each individual American, including those babies 
born yesterday, now stands at $18,626.02, an $89 increase--again that 
is per person.
  It has been 76 days since we challenged the President to present his 
plan to balance the budget and 20 days since we asked him to help us 
help fix Medicare.
  In the absence of leadership from the White House, Republicans have 
offered a plan to balance the budget by 2002 so that our children will 
have a future free from debt and a standard of living better than our 
own.
  Mr. Speaker, where is the President's plan? We are still waiting.
  

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