[Congressional Record Volume 143, Number 96 (Wednesday, July 9, 1997)]
[House]
[Page H4921]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                      A BRIGHT FUTURE FOR AMERICA

  (Mr. NEUMANN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. NEUMANN. Mr. Speaker, I rise this morning to call attention to 
what is happening in Washington out here. We are about to conclude 
legislation that balances the budget, restores Medicare, and reduces 
taxes on the American people.
  The front page of the Washington Post this morning says that the 
budget may be balanced as soon as 1998, and they credit a robust 
economy, but they forget to mention that in addition to a robust 
economy we have a new group of people in Washington that is curtailing 
the growth of Government spending. When the government spends less, 
that means they have a lower deficit, and that means they borrow less 
money out of the private sector. More money available in the private 
sector means the interest rates stay lower, and when the interest rates 
stay lower, people buy more houses and cars, and of course people have 
to go to work to build those houses and cars, and that means they leave 
the welfare rolls and they go into the work force and that creates a 
strong economy.
  That is what is going on in this country today, a balanced budget, 
Medicare restored, lower taxes on the American people. That is a bright 
future for America. That is a bright future for our children and our 
grandchildren.

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