[Congressional Record Volume 145, Number 32 (Tuesday, March 2, 1999)]
[House]
[Page H835]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 PUT OUR FINANCIAL HOUSE BACK IN ORDER

  (Mr. MALONEY of Connecticut asked and was given permission to address 
the House for 1 minute and to revise and extend his remarks.)
  Mr. MALONEY of Connecticut. Mr. Speaker, I rise today to comment on 
the fiscal situation in which we find ourselves and the opportunity 
that we have.
  For 25 years, on a bipartisan basis, this government has mismanaged 
its financial house, its financial matters. We have, after 25 years, 
the opportunity to make fundamental progress. We have the opportunity 
to restore the nearly $700 billion that has been, quote-unquote, 
borrowed from the Social Security Trust Fund. We have the opportunity 
to put our fiscal house back in order. If we do that, it is not only 
good for the government fundamentally, it is good for the people of 
this country.
  By reducing our interest payments, by reducing the demand on the 
credit market, we will do great things for the American people. The 
average cost of a home mortgage can be reduced by $200 a month by 
adhering to the financial responsibility that we have the opportunity 
to pass this year in the Congress. I urge my colleagues, do it this 
year. Fix the financial situation. We have the opportunity. Do not let 
it lapse.

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