[Congressional Record (Bound Edition), Volume 145 (1999), Part 5]
[House]
[Page 6461]
[From the U.S. Government Publishing Office, www.gpo.gov]




   KEY DIFFERENCES BETWEEN THE PRESIDENT'S BUDGET AND THE REPUBLICAN 
                                 BUDGET

  (Mr. SCHAFFER asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. SCHAFFER. Mr. Speaker, which dog is the tail wagging today? This 
chart shows one of the key differences between the President's budget 
and the Republican budget. The Republican budget pays down the debt by 
$1.8 trillion over 10 years. The President's budget pays down the debt 
by much less.
  Let us take a look at that again: $1.8 trillion in debt reduction 
under the Republican plan, higher debt levels under the President's 
plan. Our budget does a much better job of paying off the debt. The 
President's budget leaves us in debt for longer periods of time. The 
Republican budget also provides middle class tax relief from future 
surpluses, and our budget puts away 100 percent of the retirement 
surplus for social security and Medicare. We put that money in a safe 
deposit box so that Washington spenders will put an end to their 40-
year practice of raiding social security to pay for new government 
programs. It is a great budget and a budget to be proud of.

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