[Congressional Record Volume 140, Number 30 (Thursday, March 17, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: March 17, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                        MORE FACTS ON WHITEWATER

  The SPEAKER pro tempore. Under a previous order of the House, the 
gentleman from New Mexico [Mr. Richardson] is recognized for 5 minutes.
  Mr. RICHARDSON. Mr. Speaker, I, too, rise to address the issue of 
Whitewater, dealing with facts and reality instead of the hype that 
currently surrounds the issue. I think it is clear the reason the 
Republicans want to talk about Whitewater is that they do not want to 
talk about the fact that the economy is in good shape or health care 
reform or President Clinton's many accomplishments. They want to 
distract attention from the main issues of the day: crime, welfare 
reform, deficit reduction, by focusing on Whitewater, an issue that 
most Americans dismiss as partisan Beltway politics.
  Having returned from town meetings over the last few weeks in my 
State of New Mexico, I see more clearly than ever that real people are 
not concerned about Whitewater. In fact, recent polls show that two-
thirds of the American people see the Republican attacks as political, 
unfair, and mean-spirited.
  Let us face two fundamental facts. The Republicans demanded that a 
special counsel at the the Justice Department be appointed, and the 
President complied. Number two, this special counsel, a Republican, has 
cautioned against congressional hearings because he feels they may 
jeopardize his investigation.
  Let us all, Democrats and Republicans, respect that. let us also look 
at some facts that the other side want to ignore.
  First, in 1993, nearly 2 million jobs were created, 70 percent more 
private sector jobs in one year than were created in the previous 4 
years.
  Unemployment is down by the largest annual drop in 6 years. The 
deficit, as a percentage of GDP, is the lowest it has been since 1979, 
a year before the 12 years of Presidents Reagan and Bush.
  Interest rates are at 25-year lows. And as a result, 5 million 
American families have been able to refinance their homes.
  Additionally, let us look at some of the administration's 
accomplishments: real budget reduction, the lowest we have had in 
years; NAFTA and the GATT accords; family and medical leave legislation 
benefiting most American families; national service; motor voter 
legislation, the list goes on and on.
  Let me also raise some specific concerns regarding the substance of 
the charges against Mrs. Hillary Clinton, some of which are totally 
baseless and mean-spirited.
  Some have charged that Mrs. Clinton unethically sought to profit from 
her investment in Value Partners, a limited partnership investment fund 
that operates like a mutual fund. The charge is, once again, absurd.
  On February 10, in fact, Stephen Potts, the Director of the Office of 
Government Ethics, and a Bush appointee, responded to an inquiry from 
several Republican Members. Potts flatly stated that there was no basis 
for investigating the First Lady's investment under applicable Federal 
ethics laws. In spite of that response, 1 month later, 81 House 
Republicans sent the same office a letter asking for an investigation, 
clearly a politically-motivated effort to embarrass the First Lady and 
distract the American people from the real issues.
  After looking at the fact, I think that these individuals owe the 
First lady an apology. Here are the facts.
  First, Mrs. Clinton has never had any input, control or review of 
investment decisions made by Value Partners.
  Two, Mrs. Clinton has not spoken to the investment manager since the 
summer of 1992. In fact, this is what he states: Not once in 16 years 
has Hillary Clinton or the President tried to influence what I have 
bought or sold.
  Mr. Speaker, due to the administration's policies, the economy is 
growing. Jobs are being created, and the deficit is shrinking. In 
addition, we have been active very successfully this session of 
Congress. Just last week we passed a budget in record time. Today we 
dealt with a balanced budget amendment. Next week we will do the crime 
bill and lobbying and ethics reform.
  Let us talk about these real issues of the day, not the smoke and the 
mirrors that the Republicans are creating on Whitewater.
  The Republicans cannot attack the Clintons on substance so, instead, 
they are hitting Mrs. Clinton with faceless and absurd charges.
  Mr. Speaker, let us deal with the real issues like crime, like health 
care, and deficits. Let us leave the Whitewater issue to the special 
counsel.
  The SPEAKER pro tempore. Under a previous order of the House, the 
gentleman from Minnesota [Mr. Sabo] is recognized for 5 minutes.
  Mr. SABO. Mr. Speaker, on behalf of the Committee on the Budget and 
pursuant to sections 302 and 311 of the Congressional Budget Act, I am 
submitting for printing in the Congressional Record an updated report 
on the current levels of on-budget spending and revenues for fiscal 
year 1994 and for the 5-year period fiscal year 1994 through fiscal 
year 1998.

                                         House of Representatives,


                                      Committee on the Budget,

                                   Washington, DC, March 17, 1994.
     Hon. Thomas S. Foley,
     Speaker, House of Representatives, Washington, DC.
       Dear Mr. Speaker: To facilitate application for sections 
     302 and 311 of the Congressional Budget Act, I am 
     transmitting an updated status report on the current levels 
     of on-budget spending and revenues for fiscal year 1994 and 
     for the 5-year period fiscal year 1994 through fiscal year 
     1998.
       The term ``current level'' refers to the amounts of 
     spending and revenues estimated for each fiscal year based on 
     laws enacted as of March 11, 1994.
       The first table in the report compares the current levels 
     of total budget authority, outlays, and revenues with the 
     overall limits set in H. Con. Res. 64, the concurrent 
     resolution on the budget for fiscal year 1994. This 
     comparison is needed to implement section 311(a) of the 
     Budget Act, which creates a point of order against measures 
     that would breach the budget resolution's overall limits. The 
     table does not show budget authority and outlays for years 
     after fiscal year 1994 because appropriations for those years 
     have not yet been considered.
       The second table compares the current levels of budget 
     authority, outlays, and new entitlement authority for each 
     direct spending committee with the ``section 602(a)'' 
     allocations made under H. Con. Res. 64 for fiscal year 1994 
     and for fiscal years 1994 through 1998. This comparison is 
     needed to implement section 302(f) of the Budget Act, which 
     creates a point of order against measures that would breach 
     the section 602(a) allocation of new discretionary budget 
     authority or new entitlement authority for the committee that 
     reported the measure. It is also needed to implement section 
     311(b), which exempts committees that comply with their 
     allocations from the point of order under section 311(a). The 
     section 602(a) allocations were printed in the Congressional 
     Record for March 31, 1993 on pages H. 1784-87.
       The third table compares the current levels of 
     discretionary appropriations for fiscal year 1994 with the 
     revised ``section 602(b)'' suballocations of discretionary 
     budget authority and outlays among Appropriations 
     subcommittees. This comparison is also needed to implement 
     section 302(f) of the Budget Act, since the point of order 
     under that section also applies to measures that would breach 
     the applicable section 602(b) suballocation. The revised 
     section 602(b) suballocations were filed by the 
     Appropriations Committee on September 30, 1993 (H. Rept. 103-
     271).
           Sincerely,
                                                 Martin Olav Sabo,
                                                         Chairman.
       Enclosures.

 REPORT TO THE SPEAKER FROM THE COMMITTEE ON THE BUDGET ON THE STATUS OF
  THE FISCAL YEAR 1994 CONGRESSIONAL BUDGET ADOPTED IN HOUSE CONCURRENT 
     RESOLUTION 64, REFLECTING ACTION COMPLETED AS OF MARCH 11, 1994    
               (On-budget amounts, in millions of dollars)              
------------------------------------------------------------------------
                                                                Fiscal  
                                                Fiscal year  years 1994-
                                                   1994          1998   
------------------------------------------------------------------------
Appropriate level as set by House Concurrent                            
 Resolution 64:                                                         
  Budget authority............................    1,223,400    6,744,900
  Outlays.....................................    1,218,300    6,629,300
  Revenues....................................      905,500    5,153,400
Current Level:                                                          
  Budget authority............................    1,218,795         (NA)
  Outlays.....................................    1,217,389         (NA)
  Revenues....................................      905,429    5,105,866
Current level over (+)/under (-) appropriate                            
 level:                                                                 
  Budget authority............................       -4,605         (NA)
  Outlays.....................................         -911         (NA)
  Revenues....................................          -71      -47,534
------------------------------------------------------------------------
NA=Not applicable because annual appropriations acts for fiscal years   
  1996 through 1998 will not be considered until future sessions of     
  Congress.                                                             

                            budget authority

       Enactment of measures providing more than $4.605 billion in 
     new budget authority for fiscal year 1994 (if not already 
     included in the current level estimate) would cause fiscal 
     year 1994 budget authority to exceed the appropriate level 
     set by House Concurrent Resolution 64.


                                outlays

       Enactment of measures providing new budget or entitlement 
     authority with fiscal year 1994 outlay effects of more than 
     $.911 billion--if not already included in the current level 
     estimate--would cause fiscal year 1994 outlays to exceed the 
     appropriate level set by House Concurrent Resolution 64.


                                revenues

       Enactment of any measure producing any revenue loss in 
     fiscal year 1994--if not already included in the current 
     level estimate--would cause fiscal year 1994 revenues to fall 
     further below the appropriate level set by House Concurrent 
     Resolution 64.
       Enactment of any measure producing any net revenue loss for 
     the period fiscal year 1994 through fiscal year 1998--if not 
     already included in the current level estimate--would cause 
     revenues for that period to fall further below the 
     appropriate level set by House Concurrent Resolution 64.

   DIRECT SPENDING LEGISLATION--COMPARISON OF CURRENT LEVEL WITH COMMITTEE ALLOCATIONS PURSUANT TO BUDGET ACT   
                                                 SECTION 602(a)                                                 
                                     (Fiscal years, in millions of dollars)                                     
----------------------------------------------------------------------------------------------------------------
                                                     1994                                1994-1998              
                                   -----------------------------------------------------------------------------
                                        BA         Outlays       NEA\1\        BA         Outlays       NEA\1\  
----------------------------------------------------------------------------------------------------------------
House Committee:                                                                                                
    Agriculture:                                                                                                
        Allocation................          -65          -66          -60       -2,725       -2,727          888
        Current level.............          -99         -106         -402       -2,216       -2,411       -3,559
        Difference................          -34          -40         -342          509          316       -4,447
    Armed Services:                                                                                             
        Allocation................         -128         -128         -128       -2,365       -2,357       -2,357
        Current level.............         -153         -163         -167       -2,271       -2,275       -2,328
        Difference................          -25          -35          -39           94           82           29
    Banking, Finance and Urban                                                                                  
     Affairs:                                                                                                   
        Allocation................            0         -338            0            0       -2,792            0
        Current level.............           -7         -505            0           46       -2,785            0
        Difference................           -7         -167            0           46            7            0
    District of Columbia:                                                                                       
        Allocation................            0            0            0            0            0            0
        Current level.............            0            0            0            0            0            0
        Difference................            0            0            0            0            0            0
    Education and Labor:                                                                                        
        Allocation................            0            0          118            0            0       -4,048
        Current level.............         -147         -158         -792         -142         -142       -5,172
        Difference................         -147         -158         -910         -142         -142       -1,124
    Energy and Commerce:                                                                                        
        Allocation................            0       -1,700         -180       -1,169       -8,369       -7,798
        Current level.............            2       -2,398           42       -1,159      -11,359       -7,059
        Difference................            2         -698          222           10       -2,990          739
    Foreign Affairs:                                                                                            
        Allocation................            0            0            0           -5           -5           -5
        Current level.............          -33          -33           -3         -149         -149          -60
        Difference................          -33          -33           -3         -144         -144          -55
    Government Operations:                                                                                      
        Allocation................            0            0            0            0            0            0
        Current level.............            0            0            0            0            0            0
        Difference................            0            0            0            0            0            0
    House Administration:                                                                                       
        Allocation................            0            0            0            0            0            0
        Current level.............            1            1            0            8            8            0
        Difference................            1            1            0            8            8            0
    Judiciary:                                                                                                  
        Allocation................            0            0            0            0         -472            0
        Current level.............            0            0            0            0         -345            0
        Difference................            0            0            0            0          127            0
    Merchant Marine and Fisheries:                                                                              
        Allocation................            0            0            0         -205         -205           -4
        Current level.............           -1           -1            0         -210         -210            0
        Difference................           -1           -1            0           -5           -5            4
    Natural Resources:                                                                                          
        Allocation................         -117         -112            0         -709         -396            0
        Current level.............          -74          -78            0         -478         -481            0
        Difference................           43           34            0          231          212            0
    Post Office and Civil Service:                                                                              
        Allocation................          -66          -66          -77      -10,199      -10,547       -9,597
        Current level.............         -266         -266         -266      -10,258      -10,606       -9,451
        Difference................         -200         -200         -189          -59          -59          146
    Public Works and                                                                                            
     Transportation:                                                                                            
        Allocation................        2,092          -13            0       37,458          -85            0
        Current level.............          -13          -13            0          -85          -85            0
        Difference................       -2,105            0            0      -37,543            0            0
    Science, Space, and                                                                                         
     Technology:                                                                                                
        Allocation................            0            0            0            0            0            0
        Current level.............            0            0            0            0            0            0
        Difference................            0            0            0            0            0            0
    Small Business:                                                                                             
        Allocation................            0            0            0            0            0            0
        Current level.............            0            0            0            0            0            0
        Difference................            0            0            0            0            0            0
    Veterans' Affairs:                                                                                          
        Allocation................          -11          -11           70       -1,356       -1,352        3,447
        Current level.............          -11          -11           28       -1,356       -1,352         -366
        Difference................            0            0          -42            0            0       -3,813
    Ways and Means:                                                                                             
        Allocation................       -2,876       -2,054       -2,036      -29,669      -24,422      -12,596
        Current level.............       -1,216         -824          261      -42,102      -39,768      -35,957
        Difference................        1,660        1,230        2,297       12,433      -15,346      -23,361
    Permanent Select Committee on                                                                               
     Intelligence:                                                                                              
        Allocation................            0            0            0            0            0            0
        Current level.............            7            7            7           33           33           33
        Difference................            7            7            7           33           33           33
----------------------------------------------------------------------------------------------------------------
\1\New entitlement authority.                                                                                   


 DISCRETIONARY APPROPRIATIONS FOR FISCAL YEAR 1994--COMPARISON OF CURRENT LEVEL WITH SUBALLOCATIONS PURSUANT TO 
                                            BUDGET ACT SECTION 602(b)                                           
                                            [In millions of dollars]                                            
----------------------------------------------------------------------------------------------------------------
                                      Revised filed 602(b)          Current level              Difference       
                                      suballocations (Sept.  ---------------------------------------------------
                                            30, 1993)                                                           
                                   --------------------------      BA           O            BA           O     
                                         BA           O                                                         
----------------------------------------------------------------------------------------------------------------
Agriculture, Rural Development....       14,819       14,317       14,595       14,205         -224         -112
Commerce, State, Judiciary........       23,119       23,231       22,800       23,217         -319          -14
Defense...........................      240,446      255,465      239,897      255,151         -549         -314
District of Columbia..............          700          698          700          698            0            0
Energy and Water Development......       22,017       21,702       21,689       21,585         -328         -117
Foreign Operations................       13,444       13,918       12,690       13,878         -754          -40
Interior..........................       13,736       13,731       13,727       13,726           -9           -5
Labor, Health and Human Services,                                                                               
 and Education....................       67,283       68,140       67,189       68,012          -94         -128
Legislative.......................        2,270        2,267        2,264        2,262           -6           -5
Military Construction.............       10,066        8,784        9,464        8,759         -602          -25
Transportation....................       13,284       34,889       12,435       34,878         -849          -11
Treasury-Postal Service...........       11,469       11,642       11,312       11,639         -157           -3
VA-HUD-Independent Agencies.......       68,311       69,973       68,053       69,978         -258            5
                                   -----------------------------------------------------------------------------
      Grand total.................      500,964      538,757      496,815      537,988       -4,149         -769
----------------------------------------------------------------------------------------------------------------

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                   Washington, DC, March 14, 1994.
     Hon. Martin O. Sabo,
     Chairman, Committee on the Budget, House of Representatives, 
         Washington, DC.
       Dear Mr. Chairman: Pursuant to section 308(b) and in aid of 
     section 311 of the Congressional Budget Act, as amended, this 
     letter and supporting detail provide an up-to-date tabulation 
     of the on-budget current levels of new budget authority, 
     estimated outlays, and estimated revenues for fiscal year 
     1994 in comparison with the appropriate levels for those 
     items contained in the 1994 Concurrent Resolution on the 
     Budget (H. Con. Res. 64), and is current through March 11, 
     1994. A summary of this tabulation follows:

                        [In millions of dollars]                        
------------------------------------------------------------------------
                                                   Budget               
                                      House      resolution    Current  
                                     current      (H. Con.    level +/- 
                                      level       Res. 64)    resolution
------------------------------------------------------------------------
Budget authority.................    1,218,795    1,223,400       -4,605
Outlays..........................    1,217,389    1,218,300         -911
Revenues:                                                               
    1994.........................      905,429      905,500          -71
    1994-1998....................    5,105,866    5,153,400      -47,534
------------------------------------------------------------------------

       Since my last report, dated February 28, 1994, there has 
     been no action that affects the current level of budget 
     authority, outlays, or revenues.
           Sincerely,
                                                    James T. Blum,
                                       (For Robert D. Reischauer.)

PARLIAMENTARIAN STATUS REPORT 103D CONGRESS, 2D SESSION, HOUSE ON-BUDGET
SUPPORTING DETAIL FOR FISCAL YEAR 1994 AS OF CLOSE OF BUSINESS MARCH 11,
                                  1994                                  
                        [In million of dollars]                         
------------------------------------------------------------------------
                                    Budget                              
                                  authority      Outlays       Revenues 
------------------------------------------------------------------------
                                                                        
  Enacted in Previous Sessions                                          
                                                                        
Revenues.......................  ............  ............      905,429
Permanents and other spending                                           
 legislation\1\................      721,126       695,196   ...........
Appropriation legislation......      742,749       758,885   ...........
Offsetting receipts............     (237,226)     (237,226)  ...........
                                ----------------------------------------
      Total previously enacted.    1,226,648     1,216,855       905,429
                                                                        
      Enacted this Session                                              
                                                                        
Emergency Supplemental                                                  
 Appropriations, fiscal year                                            
 1994 (Pub. L. 103-211)........       (2,286)         (248)  ...........
                                                                        
  Entitlements and Mandatories                                          
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other                                                 
 mandatory programs not yet                                             
 enacted\2\....................       (5,567)          781   ...........
                                ----------------------------------------
      Total current                                                     
       level\3\,\4\............    1,218,795     1,217,389       905,429
      Total budget resolution..    1,223,400     1,218,300       905,500
Amount remaining:                                                       
    Under budget resolution....        4,605           911            71
    Over budget resolution.....  ............  ............  ...........
------------------------------------------------------------------------
\1\Includes budget committee estimate of $2.4 billion in outlay savings 
  for FCC spectrum license fees.                                        
\2\Includes changes to baseline estimates of appropriated mandatories   
  due to enactment of Public Law 103-66, and Public Law 103-140.        
\3\In accordance with the Budget Enforcement Act, the total does not    
  include $13,608 million in budget authority and $8,896 million in     
  outlays in emergency funding.                                         
\4\At the request of Committee staff, current level does not include    
  scoring of section 601 of Public Law 102-391.                         
                                                                        
Notes: Amounts in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

                          ____________________