[Congressional Record Volume 141, Number 199 (Thursday, December 14, 1995)]
[House]
[Page H14876]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                SAVINGS WILL PRESERVE THE AMERICAN DREAM

  (Mr. METCALF asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. METCALF. Mr. Speaker, new estimates from CBO project an 
additional $135 billion in revenue over the next 7 years. That is very 
good news, but those estimates are based mostly on gains resulting from 
optimism all around this Nation regarding our movement toward a 
balanced budget.
  Now the bad news. As soon as the word was made public, old politics 
reared its ugly head: ``Spend that money, spend that money.'' That is 
the old way. The problem, if we start spending this new, imaginary 
money, confidence in a balanced budget will drop and the money will not 
be there. The lesson: Do not spend that imaginary money. If we do our 
job, the money will be a bonus to our children by lowering the debt. We 
must beat back the old politics, save that money, and protect the 
American dream for our children.

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