[Congressional Record Volume 142, Number 2 (Thursday, January 4, 1996)]
[House]
[Page H93]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               BALANCING THE BUDGET: WHAT'S IT ALL ABOUT?

  (Mr. HEFLEY asked and was given permission to address the House for 1 
minute.)
  Mr. HEFLEY. Mr. Speaker, balancing the budget: What is it all about? 
Balancing the Federal budget is about better government. It is about 
being right and responsible. It forces the Government to live within 
its means--just like every American family. It means our children will 
inherit the American dream--not the American debt. It forces our 
Government to stop spending money it does not have.
  Balancing the budget is also about a better future. It means lower 
interest rates and faster economic growth. It means 4.25 million more 
new jobs over the next 10 years and a 16.1-percent increase in per 
capita incomes. A balanced budget is about $37,000 in savings on an 
average 30-year mortgage on a $75,000 home. It means a solvent Medicare 
system with increased spending per beneficiary. But probably most 
important of all, a balanced budget is about saving future generations 
from paying lifetime tax rates in excess of 80 percent.
  Mr. Clinton needs to know we will settle for nothing less than a 
balanced budget. No more excuses. No more Washington gimmicks. It is 
time to do the right thing for our children's future.

                          ____________________