Excerpt from Mid-Session Review of the Economic and Budget Outlook: Hearing Before the Committee on the Budget, House of Representatives, One Hundred Third Congress, First Session, Hearing Held in Washington, DC, September 14, 1993
I must emphasize, however, that the enactment of the economic program was only the first step in getting the deficit under control.
Under the economic plan, most components of the spending side of the budget will merely keep pace with the growth of the economy, and discretionary spending will be frozen in dollar terms over 5 ears. However, Federal spending for the health care programs - medicare and me 'caid-is projected to grow at a rate of more than 10 percent ger year. Those programs grow so fast and have already become so large that the de cit cannot be contained without systemic reform of our health care sys tem. The Administration will announce such an initiative later this month.
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