[Congressional Record Volume 150, Number 39 (Thursday, March 25, 2004)]
[House]
[Page H1486]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
BIPARTISAN EFFORTS NEEDED TO REDUCE FEDERAL DEFICIT
(Mr. INSLEE asked and was given permission to address the House for 1
minute and to revise and extend his remarks.)
Mr. INSLEE. Mr. Speaker, we need to be in a bipartisan fight against
the Federal deficit. One of the tools we have in fighting the Federal
deficit is called the pay-as-you-go rule, and it is a tool that works
very, very well because when the pay-as-you-go rule is in effect, any
Member of Congress, Democrat or Republican, if they are going to
propose a new spending or a new tax cut, they are required to show how
they are going to pay for it. This is common sense.
Unfortunately, my colleagues on the Republican side of the aisle
refuse to apply this common-sense rule that was effective during the
1990s in reducing the Federal deficit.
Now, there is one thing we ought to be able to agree on, when you are
in a fight, it does not make sense to tie one hand behind yourself. And
the Republicans are tying one hand behind us, and the pay-as-you-go
rule is going to be the pay-as-you-gone rule. I am disappointed that my
Republican colleagues are taking a dive against the Federal deficit.
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