[Congressional Record Volume 140, Number 83 (Monday, June 27, 1994)]
[Senate]
[Page S]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: June 27, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]

 
                       BUDGET SCOREKEEPING REPORT

  Mr. SASSER. Mr. 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 June 24, 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 June 21, 1994, Congress has approved for 
the President's signature the Federal Housing Administration 
supplemental (H.R. 4568), changing the current level of budget 
authority and outlays.
  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 27, 1994.
     Hon. Jim Sasser,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC.
       Dear Mr. Chairman: The attached report shows the effects of 
     Congressional action on the 1994 budget and is current 
     through June 24, 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 June 20, 1994, Congress has 
     approved for the President's signature the Federal Housing 
     Administration Supplemental (H.R. 4568), changing the current 
     level of budget authority and outlays.
           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 JUNE 24, 1994      
                        [In billions of dollars]                        
------------------------------------------------------------------------
                                      Budget                   Current  
                                    resolution    Current    level over/
                                     (H. Con.     level\2\      under   
                                   Res. 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      4,512.3       -219.6
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.                              

  Mr. ROCKEFELLER. I am very pleased to be able to celebrate veterans' 
employment today on this 50th anniversary of the Veterans Preference 
Act. We have had much to celebrate over the past days as we have 
commemorated passage of the GI bill and taken stock of what education 
and home loan benefits have meant in the lives of veterans and to our 
society.
  The importance of being able to find work upon returning from the 
service of our country has also long been recognized by veterans and by 
a grateful citizenry. Public support for the employment of veterans 
dates back to the Civil War. Efforts to promote the hiring of veterans 
were motivated by a sense of obligation and the desire to compensate 
for the disruption of careers and the financial setback that military 
service meant for many veterans.
  Historically, that support has taken the form of preferential 
treatment in hiring by Government agencies. Veterans preference has 
made it possible for many veterans to find employment in the Federal 
work force. Veterans are employed in the Federal Government at twice 
the rate of the private sector. Disabled veterans are seven times more 
likely to be employed by the Government.
  Today, the importance of helping veterans adjust to a civilian labor 
market has taken on a new dimension. Service members leaving the modern 
military still deserve our gratitude. Their service continues to ensure 
our security and freedom in an increasingly unpredictable world. But 
these individuals are also highly skilled. They receive exceptional 
training and experience in a variety of occupational specialties in the 
modern military. They are a valuable resource that we cannot afford to 
waste.
  Veterans entering today's complex and changing labor market must be 
programs designed to help them meet today's challenges.
  One such program, the Transition Assistance Program initiated in 
1990, helps service members adjust to the civilian work force by 
providing job search assistance and information on the types of 
civilian jobs that require their skills.
  Another program, the Service Members Occupational Conversion and 
Training Act, encourages employers to hire and retrain separating 
service members for skilled positions by helping to defray the cost of 
retraining.
  Support of these programs, both in terms of resources and commitment 
at all levels, will enable service members to make the transition to a 
civilian labor force with minimal hardship, and will enable the economy 
to take full advantage of the skill and abilities these individuals 
have acquired while in the Armed Forces.
  The Defense Department's Defense Diversification Program, enacted in 
1993, was designed to help involuntarily separated service members get 
training assistance, if needed, to find civilian employment. The 
program recognizes that many people entered the modern military 
intending to provide lifetime service. The U.S. military was to be 
their career.
  Because of the defense downsizing, however, they were not able to 
continue in their chosen career. The Defense Diversification Program 
will terminate with the end of the drawdown. Involuntary separation 
will continue to occur after the drawdown, however, to the extent 
necessary to maintain the mix of skills and rank required by our Armed 
Forces. The people involuntarily separated after the drawdown will 
experience the same trauma and face the same difficulties that those 
separated during the drawdown faced. That is why I am working to make 
sure that involuntarily separated service members will be served under 
the administration's proposed worker adjustment program known as the 
Reemployment Act.
  Because employment for all veterans continues to be our goal, and all 
veterans--particularly disabled veterans--deserve assistance in finding 
work regardless of when they served, we must maintain, and, in fact, 
strengthen, the ability of local veterans' employment representatives 
[LVER's] and Disabled Veterans' Outreach Program staff [DVOP's] to 
serve veterans, and only veterans. LVER's and DVOP's have been 
instrumental in reaching out to unemployed veterans and developing job 
opportunities for veterans. They inform employers who do not yet know 
about the advantages of hiring veterans. There is, as we all know, no 
such thing as an idle LVER or DVOP.
  Just as the work of LVER's and DVOP's is never finished, we must 
never stop recognizing the debt we owe our veterans, the contribution 
they have made to our security and that they can make to our economy, 
and the value of work in providing structure and meaning to their 
lives.

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