[Congressional Record Volume 144, Number 5 (Tuesday, February 3, 1998)]
[House]
[Page H111]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




              PRESIDENT'S BUDGET NOT ALL THAT IS PROMISED

  (Mr. HILL asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HILL. Mr. Speaker, yesterday the President sent to Congress his 
budget. He claims that this is the first balanced budget in 30 years. 
Is that true? Only in Washington could this be called a balanced 
budget.
  The President proposes to borrow an additional $185 billion this year 
in this budget. That is right. The national debt this year would go up 
another $185 billion. As a matter of fact, the President's plan over 
the next 6 years would increase the national debt by $1 trillion. And 
they say that is balanced.
  The President claims that the surpluses in this budget would go to 
make Social Security solvent. That is not quite accurate either, Mr. 
Speaker. The President's budget continues, repeat continues, the 
practice of raiding the Social Security Trust Fund.
  To top it all off, the President is proposing to increase taxes. As a 
matter of fact, under this plan, the President's plan, taxes would be 
at the third highest level than they have ever been in the history of 
the United States.
  So this budget increases taxes, it adds more debts, and it raids the 
Social Security Trust Fund. This is business as usual, Mr. Speaker. 
Shame on the President. And if Congress adopts this budget, shame on 
Congress.

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