[Congressional Record Volume 141, Number 98 (Thursday, June 15, 1995)]
[House]
[Page H5990]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        WAITING FOR THE DETAILS

  (Mr. SMITH of Michigan asked and was given permission to address the 
House for 1 minute and to revise and extend his remarks.)
  Mr. SMITH of Michigan. Mr. Speaker, some of us in the freshman and 
sophomore classes this morning met with Ross Perot, really, I think, an 
inspiration for saying that we have got to move ahead and do the kind 
of things that we know are right.
  Mr. Speaker, he mentioned that, if we took all of the Fortune 500 
companies, and we took all of their assets, all of their money, and 
sold all of their investments, it would pay off a deficit spending for 
1 year. I mean we have got a serious problem ahead of us.
  Mr. Speaker, I think it is great that the President is now saying we 
should have a balanced budget. I am waiting for the details. I think it 
is important that he gets the details up here so our conferees on the 
budget can look at some of his suggestions, some of this 
administration's suggestions, on where he cuts. He is saying that it is 
going to take reductions in Medicare and in Medicaid.
  I say to my colleagues, Let's work together to make sure we preserve 
those programs, that we save them not only for this generation, but for 
future generations.


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