[Congressional Record Volume 141, Number 192 (Tuesday, December 5, 1995)]
[House]
[Page H13942]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       THE TRUTH ABOUT THE BUDGET

  (Mr. TAYLOR of Mississippi asked and was given permission to address 
the House for 1 minute.)
  Mr. TAYLOR of Mississippi. Mr. Speaker, the previous speaker, my 
friend from Maryland, said the American people want to know the truth 
about the Balanced Budget Act of 1995. I think they deserve it.
  The Balanced Budget Act of 1995 will borrow $296 billion for the next 
fiscal year budget. It will borrow $118 billion from trust funds such 
as the Social Security trust fund that is supposed to be set aside to 
protect senior citizens Social Security payments in the future.
  The Balanced Budget Act of 1995 will go on to borrow $75 billion and 
give most of that money away in tax breaks for America's wealthiest 12 
percent.
  I am glad my friend from Maryland wants to know the truth, and I have 
just given it to him. I hope the gentleman from Ohio [Mr. Kasich], and 
I hope all the Members of this body will correct the things that I just 
brought to our attention, because that is certainly not a balanced 
budget by anyone's scoring.

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