[Congressional Record Volume 140, Number 71 (Thursday, June 9, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 9, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
            IRRESPONSIBLE CONGRESS? HERE IS TODAY'S BOXSCORE

  Mr. HELMS. Madam President, anyone even remotely familiar with the 
U.S. Constitution knows that no President can spend a dime of Federal 
tax money that has not first been authorized and appropriated by 
Congress--both the House of Representatives and the U.S. Senate.
  So when you hear a politician or an editor or a commentator declare 
that ``Reagan ran up the Federal debt'' or that ``Bush ran it up,'' 
bear in mind that it was, and is, the constitutional duty and 
responsibility of Congress to control Federal spending. Congress has 
failed miserably in that task for about 50 years.
  The fiscal irresponsibility of Congress has created a Federal debt 
which stood at $4,605,625,636,684.88 as of the close of business 
yesterday, Wednesday, June 8. Averaged out, every man, woman, and child 
in America owes a share of this massive debt, and that per capita share 
is $17,665.64.

                       BUDGET SCOREKEEPING REPORT

  Mr. SASSER. Madam President, I hereby submit to the Senate the budget 
scorekeeping report prepared by the Congressional Budget Office under 
section 308(b) and in aid of section 311 of the Congressional Budget 
Act of 1974, as amended. This report meets the requirements for Senate 
scorekeeping of section 5 of Senate Concurrent Resolution 32, the first 
concurrent resolution on the budget for 1986.
  This report shows the effects of congressional action on the budget 
through May 27, 1994. The estimates of budget authority, outlays, and 
revenues, which are consistent with the technical and economic 
assumptions of the concurrent resolution on the budget (H. Con. Res. 
287), show that current level spending is below the budget resolution 
by $4.9 billion in budget authority and $1.1 billion in outlays. 
Current level is $0.1 billion above the revenue floor in 1994 and below 
by $30.3 billion over the 5 years, 1994-98. The current estimate of the 
deficit for purposes of calculating the maximum deficit amount is 
$311.7 billion, $1.1 billion below the maximum deficit amount for 1994 
of $312.8 billion.
  Since the last report, dated May 24, 1994, there has been no action 
that affects the current level of budget authority, outlays, or 
revenues.
  There being no objection, the report was ordered to be printed in the 
Record, as follows:

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                     Washington, DC, June 7, 1994.
     Hon. Jim Sasser,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The attached report shows the effect of 
     Congressional action on the 1994 budget and is current 
     through May 27, 1994. The estimates of budget authority, 
     outlays, and revenues are consistent with the technical and 
     economic assumptions of the Concurrent Resolution on the 
     Budget (H. Con. Res. 64). This report is submitted under 
     Section 308(b) and in aid of Section 311 of the Congressional 
     Budget Act, as amended, and meets the requirements for Senate 
     scorekeeping of Section 5 of S. Con. Res. 32, the 1986 First 
     Concurrent Resolution on the Budget.
       Since my last report, dated May 23, 1994, there has been no 
     action that affects the current level of budget authority, 
     outlays or revenues.
           Sincerely,
                                             Robert D. Reischauer,
                                                         Director.

  THE CURRENT LEVEL REPORT FOR THE U.S. SENATE, FISCAL YEAR 1994, 103D  
       CONGRESS, 2D SESSION, AS OF CLOSE OF BUSINESS MAY 27, 1994       
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                   Current  
                                    resolution    Current    level over/
                                   (H.Con.Res.    level\2\      under   
                                      64)\1\                  resolution
------------------------------------------------------------------------
On-budget:                                                              
  Budget Authority...............      1,223.2      1,218.4         -4.9
  Outlays........................      1,218.1      1,217.1         -1.1
  Revenues:                                                             
    1994.........................        905.3        905.4          0.1
    1994-1998....................      5,153.1      5,122.8        -30.3
  Maximum Deficit Amount.........        312.8        311.7         -1.1
  Debt Subject to Limit..........      4,731.9      4,519.7       -212.2
Off-budget:                                                             
  Social Security Outlays:                                              
    1994.........................        274.8        274.8        (\3\)
    1994-1998....................      1,486.5      1,486.5        (\3\)
  Social Security Revenues:                                             
    1994.........................        336.3        335.2         -1.1
    1994-1998....................      1,872.0      1,871.4         -0.6
------------------------------------------------------------------------
\1\Reflects revised allocation under section 9(g) of H.Con.Res. 64 for  
  the Deficit-Neutral reserve fund.                                     
\2\Current level represents the estimated revenue and direct spending   
  effects of all legislation that Congress has enacted or sent to the   
  President for his approval. In addition, full-year funding estimates  
  under current law are included for entitlement and mandatory programs 
  requiring annual appropriations even if the appropriations have not   
  been made. The current level of debt subject to limit reflects the    
  latest U.S. Treasury information on public debt transactions.         
\3\Less than $50 million.                                               
                                                                        
Note.--Detail may not add due to rounding.                              

    

 THE ON-BUDGET CURRENT LEVEL REPORT FOR THE U.S. SENATE, 103D CONGRESS, 
 2D SESSION, SENATE SUPPORTING DETAIL FOR FISCAL YEAR 1994, AS OF CLOSE 
                        OF BUSINESS MAY 27, 1994                        
                        [In millions of dollars]                        
------------------------------------------------------------------------
                                      Budget                            
                                    authority     Outlays      Revenues 
------------------------------------------------------------------------
   ENACTED IN PREVIOUS SESSIONS                                         
                                                                        
Revenues.........................  ...........  ...........      905,429
Permanents and other spending                                           
 legislation\1\..................     721,182      694,713   ...........
Appropriation legislation........     742,749      758,885   ...........
  Offsetting receipts............    (237,226)    (237,226)  ...........
                                  --------------------------------------
      Total previously enacted...   1,226,705    1,216,372       905,429
                                  --------------------------------------
       ENACTED THIS SESSION                                             
                                                                        
Emergency Supplemental                                                  
 Appropriations, FY 1994 (P.L.                                          
 103-211)........................      (2,286)        (248)  ...........
Federal Workforce Restructuring                                         
 Act (P.L. 103-226)..............          48           48   ...........
  Offsetting receipts............         (38)         (38)  ...........
Housing and Community Development                                       
 Act (P.L. 103-233)..............        (410)        (410)  ...........
Extending Loan Ineligibility                                            
 Exemption for Colleges (P.L. 103-                                      
 235)............................           5            3   ...........
Foreign Relations Authorization                                         
 Act (P.L. 103-236)..............          (2)          (2)  ...........
Marine Mammal Protection Act                                            
 Amendments (P.L. 103-238).......  ...........           4   ...........
Airport Improvement Program                                             
 Temporary Assistance Act (P.L.                                         
 103-260)........................         (65)  ...........  ...........
                                  --------------------------------------
      Total enacted this session.      (2,748)        (643)            0
                                  ======================================
   ENTITLEMENTS AND MANDATORIES                                         
                                                                        
Budget resolution baseline                                              
 estimates of appropriated                                              
 entitlements and other mandatory                                       
 programs not yet enacted\2\.....      (5,562)       1,326   ...........
                                  ======================================
Total Current Level\3\, \4\......   1,218,395    1,217,056       905,429
Total Budget Resolution..........   1,223,249    1,218,149       905,349
                                  --------------------------------------
Amount remaining:                                                       
  Under Budget Resolution........       4,854        1,093   ...........
  Over Budget Resolution.........  ...........  ...........           80
------------------------------------------------------------------------
\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 P.L. 103-66.                                      
\3\In accordance with the Balanced Budget and Emergency Deficit Control 
  Act of 1985, the total does not include $14,145 million in budget     
  authority and $9,057 million in outlays in emergency funding.         
\4\At the request of Budget Committee staff, current level does not     
  include scoring of section 601 of P.L. 102-391.                       
                                                                        
Note.--Numbers in parentheses are negative. Detail may not add due to   
  rounding.                                                             

  

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