[Congressional Record Volume 141, Number 177 (Thursday, November 9, 1995)]
[House]
[Page H11979]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 AMERICAN DREAM, NOT THE AMERICAN DEBT

  (Mrs. WALDHOLTZ asked and was given permission to address the House 
for 1 minute.)
  Mrs. WALDHOLTZ. Mr. Speaker, as the time grows closer for Bill 
Clinton to either sign or reject a real balanced budget, I feel it is 
important to remind everyone, on both sides of the aisle, of the 
importance of this historic legislation.
  In a recent speech Alan Greenspan warned:

       If for some unknown reason, the political process fails, 
     and agreement is not reached, it would signal that the United 
     States is not capable of putting its fiscal house in order, 
     with serious, adverse consequences for financial markets and 
     economic growth.

  Let me say that again, serious, adverse consequences for financial 
markets and economic growth.
  Mr. Speaker, simply put, a balanced budget means 6.1 million new 
jobs. It means lower interest rates on cars, homes, and student loans. 
It means lower inflation. It means renewed hope for the future. And 
most important, it means that our children will be able to inherit the 
American dream, not the American debt.

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