[Congressional Record Volume 144, Number 145 (Tuesday, October 13, 1998)]
[House]
[Page H10675]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




          FROM DEFICIT TO SURPLUS WITH THE REPUBLICAN CONGRESS

  (Mr. HORN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. HORN. Mr. Speaker, it is funny how the other side has such 
stunning lapses of memory. Whenever a number of Ivy League law school 
graduates appear before the Committee on Government Reform and 
Oversight or other congressional committees or courts of law, I find 
suddenly their brilliance evaporates, and they have a hard time 
remembering where they were yesterday.
  The other side has completely forgotten that the government went from 
running $200 billion a year deficits to a $70 billion a year budget 
surplus.
  Is there anyone who seriously thinks that welfare reform would have 
passed had it not been for the Republican majority elected to Congress 
and taking the oath in 1995? Is there anyone who seriously thinks the 
President would have been forced to accept the Republican balanced 
budget proposal of 1996 had it not been for that majority? Maybe they 
have just forgotten.
  Here is another example. This is the stock market in 1993, and this 
is when it took off in 1995. That is a reflection of the American 
economy, a chart that does not lie. We will never see it from the other 
side, I gather, but I think it is pretty obvious why.

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