    [Weekly Compilation of Presidential Documents Volume 29, Number 22 (Monday, June 7, 1993)]
    [Pages 1016-1017]
    [Online from the Government Publishing Office, www.gpo.gov]

    <R04>
    Remarks to the Bay View Community in Milwaukee

     June 1, 1993

        The President. Thank you very much. I want to thank Gerry Kleczka
    and everybody else. But I especially want to thank the Langer family for
    bringing me to Bay View. I'm glad to be here. When I was on the way out
    here today the mayor said that he was the mayor of Milwaukee and Bay
    View and that I needed to know that if I was going to come here. So I'm
    glad to be here. I also want to introduce to you Wisconsin's newest
    Member of Congress, Mr. Peter Barca, who just showed up.
        I'm sorry you all are in there behind that fence, and I look forward
    to getting out and shaking hands with you. I just wanted to say one or
    two things before I do. I was just in downtown Milwaukee, speaking with
    several thousand people about the economic plan that I have presented to
    Congress. And there are two or three things that I want to say to you
    about it so you'll all know, because there are a lot of things that have
    not been brought out that I think you're entitled to hear.
        First of all, this plan has over 200 spending cuts. I see all these
    signs saying, ``Cut spending.'' Where were you when we cut them? It has
    a lot of spending cuts in it, over $240 billion.
        Secondly, the tax increases in this plan all go to reduce the
    deficit, and over 74 percent of the money comes from people with incomes
    above $100,000. Families with incomes below $30,000 pay nothing. The
    other thing I want to tell you is, if your income is above $30,000 and
    below $100,000, depending on the size of your family, the energy tax
    that the House approved costs you a dollar a month next year, $7 a month
    the year after that, and for a family of four, $17 a month the year
    after that. All of it goes to reduce the debt.
        I think it's worth doing. It's brought interest rates down to a 20-
    year low. We have interest rates at a 20-year low. That means Americans
    are going to refinance their homes, get lower car loans, refinance their
    business loans, get lower consumer loans, lower college loans. It will
    save $100 billion for American businesses and individuals this year if
    we can keep those interest rates down. So I want you to support that.
        The second thing I want to say about it is this: We have put forward
    a program which will open the doors of college education to all
    Americans, just like I promised in the campaign, lower interest loans,
    better repayment terms, and giving tens of thousands of Americans a
    chance to pay their college loans by serving their communities here at
    home, by working to make their communities a better place.
        The next point I want to make is that as soon as this budget is
    over, just like I said in the campaign, we're coming forward with a plan
    to provide health care security, affordable health care, to the working
    families of this country, who have been savaged by high costs,
    insufficient coverage, and the inability to change jobs because somebody
    in their family has been sick. This administration is about jobs,
    incomes, health care, education, and training, and bringing this deficit
    down.
        Now, I want to say one last thing. I heard all this talk in the
    country about how this is a tax program. I just want to make this point.
    It is not just a tax program. It's an economic program. It is over $240
    billion in budget cuts. We're going to reduce the size of the Federal
    Government by 150,000. We are----
        Audience member. Make the cuts first!
        The President. We are cutting first. That's what the budget
    resolution is all about. You can't raise taxes without the budget cuts.
    It's illegal now. That's the whole point. We won't have the tax
    increases without the budget cuts. It's all going to be put in a trust
    fund. And unlike all previous years, if we don't make our reduction
    targets and reduce that debt, the President by law is now required to
    come in and fix it, something previous Presidents did not have to do. We
    have changed the law.
        And what you've got to decide is whether you want more hot air, more
    rhetoric, more politicians up there telling you what you want to hear,
    or somebody who will tell you the truth, turn the country around, and
    get the economy going again. I think that's what you want, and I hope
    you'll support your Mem-

    [[Page 1017]]

    bers of Congress and me as we try to do that.
        Let me say one final thing. I think that a lot of you before I came
    here today had no earthly idea that we'd cut all that spending because
    the Congress didn't fight it; they just did it. I think you did not know
    also that families with incomes under $30,000 were being held harmless
    because we had support for that. And you may not know that small
    businesses like Langer's Pharmacy are going to have tax incentives to
    reinvest in their businesses that were not there before if this plan
    passes.
        This is a good plan for the economy. It's a fair plan for the middle
    class. It asks the wealthiest Americans to pay their fair share. And
    unlike previous plans, it's not a lot of hot air. It will do what it's
    supposed to do. I think we've had enough hot air for the last 12 years.
    Let's do something real and strong and move this country forward.
        Thank you, and God bless you all.

    Note: The President spoke at 3:45 p.m. at Jack Langer's Pharmacy. In his
    remarks, he referred to Representative Gerald D. Kleczka.