[Congressional Record Volume 142, Number 91 (Wednesday, June 19, 1996)]
[House]
[Page H6518]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                               THE BUDGET

  (Ms. McKINNEY asked and was given permission to address the House for 
1 minute.)
  Ms. McKINNEY. Mr. Speaker, proudly beating their chests in 1994, the 
Republicans signed a contract with America which promised to balance 
the budget. Last week, however, almost every Republican voted for a 
budget resolution that would increase the deficit by $40 billion over 
the next 2 years.
  It was only after 3 years of hard work by President Clinton and the 
Democrats that we succeeded in reducing the Reagan and Bush deficits 
from $290 billion a year to $130 billion. And now, Mr. Speaker, 
Republican leaders want to take us back to the borrow-and-spend 
policies which put us in this deficit hole in the first place.
  By now it should be crystal clear that the only things the Republican 
Party cares about are giving tax breaks to the wealthy and more money 
to the Pentagon.
  Mr. Speaker, let's face it. The Contract on America was nothing more 
than the vehicle by which the Republican Party delivered Government 
handouts to defense contractors and junk bond dealers, period.

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