[Congressional Record Volume 141, Number 206 (Thursday, December 21, 1995)]
[House]
[Page H15491]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




        BALANCE BUDGET FOR WORKING PEOPLE AND AMERICAN FAMILIES

  (Mr. EWING asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. EWING. Mr. Speaker, this is the debt of the United States on 
December 19, almost $5 trillion. Now, I think there is one thing we 
agree with on both sides of the aisle, that the economy is very 
important; not only reducing the deficit and paying off the debt, but 
to American families.
  Mr. Speaker, just a few facts that I think are very interesting: A 
recent study shows that the optimum level of government spending is 
17.6 percent of the gross national product. Unfortunately, government 
spending is 4 percentage points higher than that. If we would reduce 
it, we could increase the amount of energy in our economy. For every 
dollar of Federal spend down to the optimum level, we could get $1.38 
in growth.
  This week, the Dow Jones dropped 50 points when the President 
scuttled the budget process. Let us get back to it. Let us balance the 
budget for our working people and for our families.

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