[Congressional Record Volume 141, Number 119 (Friday, July 21, 1995)]
[House]
[Page H7383]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                 TRICKLE-DOWN ALREADY PROVEN UNWORKABLE

  (Mr. KLINK asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. KLINK. Madam Speaker, back in the 1980's Republican Ronald Reagan 
told us decrease taxes for the wealthy, investment will go up, wealth 
will trickle down, America will prosper.
  The wealthy did keep more. They invested it overseas and our jobs 
followed. Industrial America began to disappear.
  Just over a decade later, they are at it again, saying decrease taxes 
for the wealthy, $245 billion, pay for it by cutting Medicare $270 
billion, by cutting Medicaid $170 billion; let's cut back school 
lunches, student loans, WIC, Head Start.
  Madam Speaker, fool America once, shame on you. Fool us twice, shame 
on America. Only in Washington, DC, could people on the other side of 
the aisle say they are saving Medicare by cutting $270 billion out of 
it.
  It reminds me again of the officer in Vietnam who said we saved the 
village by burning it to the ground. The Republicans are going to save 
Medicare and Medicaid by burning that to the ground, and our senior 
citizens are going to be the victims.

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