[Congressional Record Volume 142, Number 2 (Thursday, January 4, 1996)]
[House]
[Page H129]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TALK IS EASY; BALANCING THE BUDGET IS DIFFICULT
The SPEAKER pro tempore. Under a previous order of the House, the
gentleman from Indiana [Mr. Buyer] is recognized for 5 minutes.
Mr. BUYER. Mr. Speaker, actually, I do believe with some of the
Members here on the floor, we could actually work out the budget deal.
Don't you think? That is about how I feel at the moment, is to override
that which is down below the hill so that we can get it done.
One thing that did bother me, before I start in on this, is when I
heard one of my colleagues mention the word ``perhaps.'' Balancing the
budget is perhaps a laudatory thing to do. Perhaps is kind of a word
like a maybe. Like balancing the budget may be a good thing to do. It
does not imply any form of desirability, which, in fact, bothers me
somewhat, and that is the problem that we have.
It is easy to talk about let us balance the Nation's budget, but when
we actually get down to doing it, it is very difficult. One thing that
is bothersome is, whether it is the Republicans or whether it is
Democrats, there is this blame game that goes on in this town. And when
we feel the heat back home by our constituents or Federal workers or
someone who cannot get a passport or visa, it is easy to quickly blame
someone else. Or if, in fact, someone is working in a Veterans
Administration and someone calls to have a need and they say, well,
just call your Congressman. They would like to blame the Congress, and
that is an easy thing to do.
There is something that confronts us, though, and that is the Federal
Government cannot sustain its current fiscal policies. I do not care
who we are or what our background is or our partisanship, that is a
fact. The spending commitments will far exceed the revenues available
to meet the Federal Government's obligations. That is a fact. So we
cannot deal on assumptions. Assumptions carry great liability.
Facts are stubborn things. It is a condition, not a theory, which
presently confronts us. Look at this chart here for a moment. This is
what confronts us. We have a national debt. Look at this national debt
and the explosion. There is a great blame game when they say this
national debt. They blame it on the 12 years of the Reagan-Bush era, as
if Congress did not pass spending bills. So when they cut taxes, they
did not cut spending, and we got a mushroom in the national debt.
I came to Congress in 1992. I am not interested in a blame game here.
I know what confronts us. Fact is what confronts us.
If my colleagues would time travel with me and we say, now in the
year 2002 we balance the budget, well, this bothers me. I am not
satisfied. I am not satisfied because I know the national debt will
continue to grow from its $4.9 trillion today to around $6.8 or $6.9
trillion. This national debt, this will take us up to about 2030 to
2035 to bring it back into better balance. I will not even be alive.
So people say, Steve, why are you doing this? It is very easy to come
here to the floor and say all of these things. Oh, my gosh, we have
Federal workers not being paid. Here are some of the impacts. Here is
someone that needs a visa to come back to school from whatever country
they are from. Or here is someone that needs to go overseas for a
particular job, or whatever is going on.
There are numerous examples, and we can go on and on and on. Do we
give in to the moment or do we permit the eyes of our minds to see the
greater vision? And the greater vision is saving the country. Save the
country. Because if we permit the national debt to just mushroom and
balloon like it is, I know what countries do whose debts become
unmanageable. They devalue their currency.
I will submit this to the American people. If they see Members of
Congress leaving this institution and they are starting to buy gold,
Americans better buy gold, because we can see what is about to happen.
So it is easy to come here and wrap ourselves around whatever issue.
There is no ownership on the issues of compassion. Some like to believe
there are, but there are not. I neither believe that the milk of human
kindness has soured, nor will I give in to the tears of vexation.
Mr. Speaker, I look at this chart and I think what a luxury President
John Kennedy must have had when he came to this town in the early
1960's. Because at that time he had 70 percent of the budget that was
discretionary spending. Seventy percent. Twenty-three percent was
entitlement, 7 percent was interest on the debt. By 2002, the
discretionary spending will have gone from the 70 percent all the way
to only 28 percent.
{time} 1445
So when we subtract 16 percent of the 28 percent for the military
budget, we are not arguing over much anymore, because the mandatory
spending side, entitlements and interest, they overtake itself. It is
wrong and we have to balance the budget. Let us not give in to the
rhetoric today.
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