[Congressional Record Volume 141, Number 200 (Friday, December 15, 1995)]
[House]
[Page H14932]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  1045
                         DEALING WITH THE DEBT

  (Mr. FOX of Pennsylvania asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. FOX of Pennsylvania. Mr. Speaker, this morning our national debt 
stands at $4,988,313,115,981.79.
  Last month the President agreed to enact a 7-year balanced budget 
using CBO numbers. But he has yet to introduce a budget that balances. 
We need a balanced budget for our senior citizens, working families, 
and our children. The Congressional Budget Office has scored his latest 
budget and it is not balanced. In fact in 2002 the budget deficit is 
projected to be $115 billion. A balanced budget will help us reduce 
mortgage costs, car payments, and college costs.
  Mr. Speaker, it is time for the excuses to end. It is time to balance 
the budget, to make government live within its means and to give our 
children a shot at the American dream instead of the American debt.

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