[Congressional Record Volume 143, Number 28 (Thursday, March 6, 1997)]
[House]
[Page H771]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
A BALANCED BUDGET
(Mr. WATTS of Oklahoma asked and was given permission to address the
House for 1 minute and to revise and extend his remarks.)
Mr. WATTS of Oklahoma. Mr. Speaker, as a father I am concerned about
not only my children but about the health and well-being of all
children in this country. That is why I support a balanced budget
amendment and a real balanced budget. But Mr. Clinton has determined
that we will have neither.
The Clinton administration work feverishly to defeat the BBA, and the
balanced budget they submitted earlier this year falls short of
balancing the budget by $69 billion.
Mr. Speaker, our children deserve better. They deserve a future that
is bright and free of the debt that this Government keeps piling on
them year after year. We literally take money out of the back pockets
of our children when we do not balance the budget.
The last time America had a balanced budget was 1969. Since then we
have accumulated over $5.3 trillion in national debt. It is a shame
that the White House would block the only way to ensure our children
will not have to face an 80- to 90-percent tax rate when they grow up
to become taxpayers.
Mr. Speaker, we need to balance the budget, we need a balanced budget
amendment.
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