[Congressional Record Volume 142, Number 2 (Thursday, January 4, 1996)]
[House]
[Page H125]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   PRESIDENT HAS REDUCED THE DEFICIT

  (Mr. POSHARD asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. POSHARD. Mr. Speaker, I just want to reemphasize again, if I may, 
I hear various speakers coming up here and painting the President as 
the ogre with respect to balancing the budget, reducing the deficit.
  I just want to point out that in 1992 this country was running a $310 
billion deficit per year. It went down to $260 billion, to $200 
billion, and this year to $161 billion.
  This President, whom everyone accuses of being disingenuous about 
balancing the budget, has reduced the deficit $150 billion in 3 years, 
whereas the budget that we are being told we should agree to here and 
pass goes from $161 billion in this year to $151 billion, back up to 
$158 billion and down to $126 billion in the third year. The 
President's budget? It is $150 billion in 3 years. This budget that we 
are being told is a saving grace of America, $35 billion in the same 
amount of time.

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