[Congressional Record Volume 140, Number 14 (Friday, February 11, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: February 11, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                              FUNDING GAP

  (Mr. BALLENGER asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. BALLENGER. Mr. Speaker, CBO has analyzed the data, crunched the 
numbers, weighed the options, and come to its conclusion: The President 
is wrong.
  Wrong by about $130 billion. That is the amount between what the 
President said his plan would save, and what CBO said it would cost.
  CBO, for those who don't know, is the Congressional Budget Office, 
the supposedly nonpartisan accounting office of the Congress. Since the 
Congress has been run by the Democrat majority for 40 years, you can 
bet your bottom dollar that CBO's estimates were conservative.
  Here is what CBO says:

       For the 6-year period from 1995 through 2000, the 
     administration's estimates indicate that the proposal would 
     reduce the deficit by about $60 billion. In contrast, CBO 
     estimates that the deficit would increase by more than $70 
     billion over that period.

  The President is wrong about the deficit. His proposal won't achieve 
the savings he promised. What else is wrong in the President's 
proposal? The American people are anxious to find out.

                          ____________________