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Regional Reporters Budget Briefing 10/3/90 [OA 5377]
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Originally Processed With FOIA(s): FOIA Number: S S FOIA MARKER This is not a textual record. This is used as an administrative marker by the George Bush Presidential Library Staff. Record Group/Collection: George H.W. Bush Presidential Records Collection/Office of Origin: Speechwriting, White House Office of Series: Speech File Draft Files Subseries: Chron File, 1989-1993 OA/ID Number: 13543 Folder ID Number: 13543-009 Folder Title: Regional Reporters Budget Briefing, 10/3/90 [OA 5377] Stack: Row: Section: Shelf: Position: G 26 16 4 7 McGroarty/Dooley October 2, 1990 6:30 pm [Regional] PRESIDENTIAL REMARKS: REGIONAL REPORTERS BUDGET BRIEFING SOUTH LAWN OCTOBER 3, 1990 10:15 a.m. Welcome, all of you, to the White House. 11 I want to open today where I left off last night -- and reiterate how strongly I believe that passing the bipartisan budget agreement is imperative for America. 11 Take a look at some of the strong reasons why we must support this agreement: ** To begin with, it is balanced -- and it is fair. Everyone shares the burden -- but that's the way it ought to be. // ** This agreement delivers the biggest deficit cuts -- ever. In the next 5 years, we'll cut a half-a-trillion dollar chunk out of the federal deficit. 11 Proof positive we're serious about bringing this deficit under control. ** This agreement delivers the largest entitlement cuts -- ever. $120 billion dollars between now and 1995. No smoke --- no mirrors: just real cuts. /// I know plenty of people out there will say, "We've heard this one before." I know the American people -- and I know they've had it up to here with promises. /// ** Well, this time, it's for real -- because this budget- cutting package contains the toughest enforcement mechanisms -- 2 ever. // This agreement puts us on the pay-as-you-go-plan -- and handcuffs the high-spenders. // That's right -- Congress is going to have to cut up the credit cards. // For every new program or added expenditure, it's going to have to make an equal cut somewhere else. // And if -- at some time in the future -- those old bad habits get the upper hand again, and the urge to overspend returns, there's a surprise in store: built into every line-item and every budget program -- automatic cuts kick in, to bring that part of the budget back into line. // ** Everyone here knows that this plan is the product of eight long hard months of negotiation -- and compromise. No one was in a position to dictate terms. No one got everything they wanted. But the plan we've hammered out is balanced, fair -- and above all, it is our last, best chance to bring this deficit under control. ///// As I said last night to the cynics and the critics out there: You can pick this package apart -- but you can't put a better package together. /// Tomorrow, Congress meets. Today, I call on the members of the House and Senate to cast their vote for this budget plan. Prove to the American people that we can solve this deficit problem -- and put this Nation on the path to long-term economic health. ///// With that said, I'll stop here, and take your questions. # # # McGroarty/Dooley October 2, 1990 6:30 pm [Regional] PRESIDENTIAL REMARKS: REGIONAL REPORTERS BUDGET BRIEFING SOUTH LAWN OCTOBER 3, 1990 10:15 a.m. Welcome, all of you, to the White House. // I want to open today where I left off last night -- and reiterate how strongly I believe that passing the bipartisan budget agreement is imperative for America. // Take a look at some of the strong reasons why we must support this agreement: ** To begin with, it is balanced -- and it is fair. Everyone shares the burden -- but that's the way it ought to be. // ** This agreement delivers the biggest deficit cuts -- ever. In the next 5 years, we'll cut a half-a-trillion dollar chunk out of the federal deficit. // Proof positive we're serious about bringing this deficit under control. ** This agreement delivers the largest entitlement cuts -- ever. $120 billion dollars between now and 1995. No smoke -- no mirrors: just real cuts. /// I know plenty of people out there will say, "We've heard this one before." I know the American people -- and I know they've had it up to here with promises. 111 ** Well, this time, it's for real -- because this budget- cutting package contains the toughest enforcement mechanisms -- 2 ever. // This agreement puts us on the pay-as-you-go-plan -- and handcuffs the high-spenders. 11 That's right -- Congress is going to have to cut up the credit cards. // For every new program or added expenditure, it's going to have to make an equal cut somewhere else. // And if -- at some time in the future -- those old bad habits get the upper hand again, and the urge to overspend returns, there's a surprise in store: built into every line-item and every budget program -- automatic cuts kick in, to bring that part of the budget back into line. // ** Everyone here knows that this plan is the product of eight long hard months of negotiation -- and compromise. No one was in a position to dictate terms. No one got everything they wanted. But the plan we've hammered out is balanced, fair -- and above all, it is our last, best chance to bring this deficit under control. /// As I said last night to the cynics and the critics out there: You can pick this package apart -- but you can't put a better package together. /// Tomorrow, Congress meets. Today, I call on the members of the House and Senate to cast their vote for this budget plan. Prove to the American people that we can solve this deficit problem -- and put this Nation on the path to long-term economic health. ///// With that said, I'll stop here, and take your questions. # # #