[Congressional Record Volume 142, Number 3 (Friday, January 5, 1996)]
[Senate]
[Page S99]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




 SENATE CONCURRENT RESOLUTION 38--RESTATING THE COMMITMENT TO A 7-YEAR 
                            BALANCED BUDGET

  Mr. Daschle submitted the following concurrent resolution; which was 
considered and agreed to:

                            S. Con. Res. 38

       Resolved by the Senate (the House of Representatives 
     concurring), That The President and the Congress shall enact 
     legislation in the 2nd session of the 104th Congress to 
     achieve a balanced budget not later than fiscal year 2002 as 
     estimated by the Congressional Budget Office, and the 
     President and the Congress agree that the balanced budget 
     must protect future generations, ensure Medicare solvency, 
     reform welfare, and provide adequate funding for Medicaid, 
     education agriculture, national defense, veterans, and the 
     environment. Further, the balanced budget shall adopt tax 
     policies to help working families and stimulate future 
     economic growth.
       The balanced budget agreement shall be estimated by the 
     Congressional Budget Office based on its most recent current 
     economic and technical assumptions, following a thorough 
     consultation and review with the Office of Management and 
     Budget, and other government and private experts.

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