[Congressional Record Volume 144, Number 145 (Tuesday, October 13, 1998)]
[House]
[Page H10802]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            CREDIBILITY GAP

  (Mr. GOSS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks and include therein 
extraneous material.)
  Mr. GOSS. Mr. Speaker, there is more than one credibility gap at the 
White House these days. The President takes credit for balancing the 
budget and demands that every penny of surplus be set aside for Social 
Security. But at the same time, he threatens to shut the government 
down if Congress does not agree to spend at least $14 billion, and 
probably more, of that surplus on more big government programs that 
have nothing whatsoever to do with Social Security.
  Why does this sound so familiar? This document is the President's 
1995 budget, the first year of the Republican-controlled Congress. This 
Clinton plan called for $200 billion deficits as far as the eye could 
see with no balanced budget in sight. See page 173, if my colleagues do 
not believe me.
  Do not be confused or misled by the President's parsing and finger 
wagging. The fact is that the Republican Congress balanced the budget 
and now President Clinton plans to shut down the government unless we 
spend billions more. That is the truth.

                           Budget Aggregates

                                                   TABLE S-1.--OUTLAYS, RECEIPTS, AND DEFICIT SUMMARY
                                                                [In billions of dollars]
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                              Estimate
                           Category                            1994 actual -----------------------------------------------------------------------------
                                                                                1995         1996         1997         1998         1999         2000
--------------------------------------------------------------------------------------------------------------------------------------------------------
                           Outlays
Discretionary:
    National defense.........................................        282.2        272.1        262.2        257.5        255.1        260.2        268.3
    International............................................         20.8         22.1         21.0         20.9         20.4         20.2         20.1
    Domestic.................................................        242.6        259.6        265.8        269.3        264.9        262.8        261.1
                                                              ------------------------------------------------------------------------------------------
      Subtotal, discretionary................................        545.6        553.8        549.0        547.7        540.4        543.3        549.6
                                                              ==========================================================================================
Mandatory:
    Programmatic:
        Social Security......................................        316.9        333.7        351.4        369.9        389.4        409.8        430.7
        Medicare and Medicaid................................        223.9        242.8        270.6        295.9        322.4        349.6        380.5
        Means-tested entitlements (Except Medicaid)..........         88.4         96.1        101.1        110.3        116.5        122.6        132.1
        Deposit insurance....................................         -7.6        -12.3         -6.3         -1.4          1.2         -1.3         -3.5
        Other................................................        128.6        131.9        131.4        134.2        135.4        140.5        146.1
                                                              ------------------------------------------------------------------------------------------
          Subtotal, programmatic.............................        750.2        792.2        848.2        909.0        964.9      1,021.2      1,085.9
    Undistributed offsetting receipts........................        -37.8        -41.4        -42.1        -42.4        -43.0        -39.4        -40.0
                                                              ------------------------------------------------------------------------------------------
      Subtotal, mandatory....................................        712.4        750.9        806.2        866.6        921.9        981.8      1,045.9
Net interest.................................................        203.0        234.2        257.0        270.4        282.9        297.1        309.9
                                                              ------------------------------------------------------------------------------------------
      Subtotal, mandatory and net interest...................        915.4        985.1      1,063.2      1,137.0      1,204.8      1,278.9      1,355.8
                                                              ==========================================================================================
      Total outlays..........................................      1,460.9      1,538.9      1,612.1      1,684.7      1,745.2      1,822.2      1,905.3
Receipts.....................................................      1,257.7      1,346.4      1,415.5      1,471.6      1,548.8      1,624.7      1,710.9
                                                              ------------------------------------------------------------------------------------------
Deficit......................................................        203.2        192.5        196.7        213.1        196.4        197.4        194.4
--------------------------------------------------------------------------------------------------------------------------------------------------------

                                                                                                                                             

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