[Congressional Record Volume 143, Number 82 (Thursday, June 12, 1997)]
[House]
[Page H3725]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BALANCED BUDGET AGREEMENT

  (Mr. ADERHOLT asked and was given permission to address the House for 
1 minute.)
  Mr. ADERHOLT. Mr. Speaker, the year was 1974 and that year Patty 
Hearst was kidnapped. In the same year Hank Aaron hit his 715th 
homerun. Those two stories were major headlines, but not many people 
knew that it was the last time the Government will have spent less than 
20 percent of the Nation's economic resources. With the new balanced 
budget, Mr. Speaker, it is going to happen again.
  Mr. Speaker, the balanced budget will have $350 billion in gross tax 
cuts over 10 years for families, for education costs, and for economic 
growth. Last, Mr. Speaker, the balanced budget agreement will finally 
do what its name says. It will balance the budget. It will be balanced 
by 2002, and then keeps it in surplus.
  In summary, the agreement means smaller government, lower spending, 
lower taxes, and a balanced budget, all in one agreement. It cannot be 
emphasized enough that this happens in one agreement.

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