[Congressional Record Volume 141, Number 176 (Wednesday, November 8, 1995)]
[House]
[Page H11833]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           BALANCE THE BUDGET

  (Mr. CHRISTENSEN asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. CHRISTENSEN. Mr. Speaker, it is atrocious that more than 39 cents 
of every dollar spent in Federal income taxes goes to pay for the 
interest alone on the national debt. This does not even touch the 
national debt itself, which is the result of over 25 years of reckless 
liberal spending.
  The new Republican majority is working hard to bring responsibility 
back to government spending, which will benefit the people of this 
country and the economy. First, by eliminating the annual deficit, we 
can start to pay off our $4.9 trillion national debt. Second, the 
economy will be boosted due to a drop in interest rates as a result of 
the balanced budget. This will save students money on their college 
loans, as well as make it easier for people to own their homes.
  A balanced budget will improve the lives of hard-working American 
families. Let's do the right thing and balance this budget.

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