[Congressional Record Volume 153, Number 121 (Thursday, July 26, 2007)]
[Senate]
[Pages S10133-S10134]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                       BUDGET SCOREKEEPING REPORT

  Mr. CONRAD. Mr. President, I rise to submit to the Senate the second 
set of budget scorekeeping reports for the 2008 budget resolution. The 
reports, which cover fiscal years 2007 and 2008, were prepared by the 
Congressional Budget Office pursuant to section 308(b) and in aid of 
section 311 of the Congressional Budget Act of 1974, as amended.
  The reports show the effects of congressional action through July 24, 
2007, and includes legislation that was enacted and or cleared for the 
President's signature since I filed my first report last month. The new 
legislation includes: Public Law 110-42, an act to extend the 
authorities of the Andean Trade Preference Act until February 29, 2008; 
Public Law 110-48, a bill to provide for the extension of transitional 
medical assistance, TMA, and the abstinence education program through 
the end of fiscal year 2007, and for other purposes; and H.J. Res. 44; 
pending Presidential action, a joint resolution approving the renewal 
of import restrictions contained in the Burmese Freedom and Democracy 
Act of 2003, and for other purposes. The estimates of budget authority, 
outlays, and revenues used in the reports are consistent with the 
technical and economic assumptions of S. Con Res. 21, the 2008 budget 
resolution.
  For 2007, the estimates show that current level spending equals the 
budget resolution for both budget authority and outlays while current 
level revenues exceed the budget resolution by $4.2 billion. For 2008, 
the estimates show that current level spending is below the budget 
resolution by $928.1 billion for budget authority and $586.7 billion 
for outlays while current level revenues exceed the budget resolution 
level by $34.6 billion.
  I ask unanimous consent that the letters and accompanying tables from 
CBO be printed in the Record.
  There being no objection, the material was ordered to be printed in 
the Record, as follows.

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, July 26, 2007.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget, U.S. Senate, Washington, 
         DC 20510
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the fiscal year 2007 budget and is 
     current through July 24, 2007. This report is submitted under 
     section 308(b) and in aid of section 311 of the Congressional 
     Budget Act, as amended.
       The estimates of budget authority, outlays, and revenues 
     are consistent with the technical and economic assumptions of 
     S. Con. Res. 21, the Concurrent Resolution on the Budget for 
     Fiscal Year 2008, as approved by the Senate and the House of 
     Representatives.
       Pursuant to section 204(a) of S. Con. Res. 21, provisions 
     designated as emergency requirements are exempt from 
     enforcement of the budget resolution. As a result, the 
     enclosed current level report excludes these amounts (see 
     footnote 1 of Table 2 of the report).
       Since my last letter, dated June 27, 2007, the Congress has 
     cleared and the President has signed:
       An act to extend the authorities of the Andean Trade 
     Preference Act until February 29, 2008 (Public Law 110-42); 
     and
       A bill to provide for the extension of Transitional Medical 
     Assistance (TMA) and the Abstinence Education Program through 
     the end of the fiscal year 2007, and for other purposes 
     (Public Law 110-48).
       The effects of those actions are detailed on Table 2.
           Sincerely,
                                               Robert A. Sunshine,
                                    For Peter R. Orszag, Director.

    TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR FISCAL YEAR 2007, AS OF JULY 24, 2007
                                            (In billions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                                                 Current Level
                                                               Budget       Current Level \2\    Over/Under (-)
                                                           Resolution \1\                          Resolution
----------------------------------------------------------------------------------------------------------------
ON-BUDGET
    Budget Authority...................................            2,255.6            2,255.6                0.0
    Outlays............................................            2,268.6            2,268.6                0.0
    Revenues...........................................            1,900.3            1,904.5                4.2
OFF-BUDGET
     Social Security Outlays \3\.......................              441.7              441.7                0.0
    Social Security Revenues...........................              637.6              637.6               0.0
----------------------------------------------------------------------------------------------------------------
 SOURCE: Congressional Budget Office.
\1\ S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008, as adjusted pursuant to
  section 207(f), assumed approximately $120.8 billion in budget authority and $31.1 billion in outlays from
  emergency supplemental appropriations. Such emergency amounts are exempt from the enforcement of the budget
  resolution. Since current level totals exclude the emergency requirements enacted in P.L. 110-28 (see footnote
  1 of table 2), budget authority and outlay totals specified in the budget resolution have also been reduced
  (by the amounts assumed for emergency supplemental appropriations) for purposes of comparison.
\2\ Current level is the estimated effect on revenue and spending of all legislation that the 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.
\3\ Excludes administrative expenses of the Social Security Administration, which are off-budget, but are
  appropriated annually.


  TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL YEAR
                                            2007, AS OF JULY 24, 2007
                                            (In millions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                      Budget
                                                                     authority        Outlays        Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous session:
    Revenues....................................................
    Permanents and other spending legislation...................            n.a.            n.a.       1,904,706
    Appropriation legislation...................................       1,347,423       1,297,059            n.a.
      ..........................................................       1,480,453       1,543,072            n.a.
    Offsetting receipts.........................................        -571,507        -571,507            n.a.
                                                                 -----------------------------------------------
        Total, enacted in previous session......................       2,256,369       2,268,624       1,904,706
 
Enacted this session:
    Appropriation Acts:
    U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and             -794               9            -166
     Iraq Accountability Appropriations Act, 2007 (P.L. 110-28)
     1/.........................................................
    An act to extend the authorities of the Andean Trade                       0               0             -24
     Preference Act until February 29, 2008 (P.L. 110-42) ......
    A bill to provide for the extension of Transitional Medical               12               3               0
     Assistance (TMA) and the Abstinence Education Program
     through the end of fiscal year 2007, and for other purposes
     (P.L. 110-48) .............................................
                                                                 -----------------------------------------------
        Total, enacted this session.............................            -782              12            -190
 
Entitlements and mandatories:
    Budget resolution estimates of appropriated entitlements and             -30               0               0
     other mandatory programs...................................
 
Total Current Level 1, 2/.......................................       2,255,557       2,268,636       1,904,516
Total Budget Resolution ........................................       2,376,360       2,299,752       1,900,340
    Adjustment to the budget resolution for emergency                   -120,803         -31,116               0
     requirements 3/............................................
    Adjusted Budget Resolution..................................       2,255,557       2,268,636       1,900,340
Current Level Over Adjusted Budget Resolution...................               0               0           4,176
Current Level Under Adjusted Budget Resolution..................               0               0            n.a.
----------------------------------------------------------------------------------------------------------------
SOURCE: Congressional Budget Office

[[Page S10134]]

 
NOTES: n.a. = not applicable; P.L. = Public Law
\1\ Pursuant to section 204(a) of S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008,
  provisions designated as emergency requirements are exempt from enforcement of the budget resolution. The
  amounts so designated for fiscal year 2007, which are not included in the current level total, are as follows:


 
                                                                      Budget
                                                                    authority         Outlays        Revenues
 
U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq         120,803          31,116            n.a.
 Accountability Appropriations Act, 2007 (P.L. 110-28) .........
 
\2\ Excludes administrative expenses of the Social Security Administration, which are off-budget.
\3\ S. Con. Res. 21, as adjusted pursuant to section 207(f), assumed $120,803 million in budget authority and
  $31,116 million in outlays from emergency supplemental appropriations. Such emergency amounts are exempt from
  the enforcement of the budget resolution. Since current level totals exclude the emergency requirements
  enacted in P.L. 110-28 (see footnote 1), budget authority and outlay totals specified in the budget resolution
  have also been reduced (by the amounts assumed for emergency supplemental appropriations) for purposes of
  comparison.

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                    Washington, DC, July 26, 2007.
     Hon. Kent Conrad,
     Chairman, Committee on the Budget,
     U.S. Senate, Washington, DC.
       Dear Mr. Chairman: The enclosed report shows the effects of 
     Congressional action on the fiscal year 2008 budget and is 
     current through July 24, 2007. This report is submitted under 
     section 308(b) and in aid of section 311 of the Congressional 
     Budget Act, as amended.
       The estimates of budget authority, outlays, and revenues 
     are consistent with the technical and economic assumptions of 
     S. Con. Res. 21, the Concurrent Resolution on the Budget for 
     Fiscal Year 2008, as approved by the Senate and the House of 
     Representatives.
       Pursuant to section 204(a) of S. Con. Res. 21, provisions 
     designated as emergency requirements are exempt from 
     enforcement of the budget resolution. As a result, the 
     enclosed current level report excludes these amounts (see 
     footnote 1 of Table 2 of the report).
       Since my last letter, dated June 27, 2007, the Congress has 
     cleared and the President has signed:
       An act to extend the authorities of the Andean Trade 
     Preference Act until February 29, 2008 (Public Law 110-42); 
     and
       A bill to provide for the extension of Transitional Medical 
     Assistance (TMA) and the Abstinence Education Program through 
     the end of the fiscal year 2007, and for other purposes 
     (Public Law 110-48).
       In addition, the Congress has cleared for the President's 
     signature a joint resolution approving the renewal of import 
     restrictions contained in the Burmese Freedom and Democracy 
     Act of 2003, and for other purposes (H.J. Res. 44).
       The effects of those actions are detailed on Table 2.
           Sincerely,
                                                  Peter R. Orszag,
     Director.
                                  ____


    TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR FISCAL YEAR 2008, AS OF JULY 24, 2007
                                            (In billions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                                                 Current Level
                                                               Budget         Current  Level     Over/Under(-)
                                                           Resolution \1\          \2\             Resolution
----------------------------------------------------------------------------------------------------------------
ON-BUDGET
    Budget Authority...................................            2,350.3            1,422.2             -928.1
    Outlays............................................            2,353.9            1,767.2             -586.7
    Revenues...........................................            2,015.8            2,050.4               34.6
OFF-BUDGET
    Social Security Outlays \3\........................              460.2              460.2                0.0
    Social Security Revenues...........................              669.0              669.0                0.0
----------------------------------------------------------------------------------------------------------------
SOURCE: Congressional Budget Office.
\1\ S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008, as adjusted pursuant to
  section 207(f), assumed approximately $0.6 billion in budget authority and $48.6 billion in outlays from
  emergency supplemental appropriations. Such emergency amounts are exempt from the enforcement of the budget
  resolution. Since current level totals exclude the emergency requirements enacted in P.L. 110-28 (see footnote
  1 of table 2), budget authority and outlay totals specified in the budget resolution have also been reduced
  (by the amounts assumed for emergency supplemental appropriations) for purposes of comparison.
Additionally, section 207(c)(2)(E) of S. Con. Res. 21 assumed $145.2 billion in budget authority and $65.8
  billion in outlays for overseas deployment and related activities. Pending action by the Senate Committee on
  Appropriations, the Senate Committee on the Budget has directed that these amounts be excluded from the budget
  resolution aggregates in the current level report.
\2\ Current level is the estimated effect on revenue and spending of all legislation that the 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.
\3\ Excludes administrative expenses of the Social Security Administration, which are off-budget, but are
  appropriated annually.


  TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL YEAR
                                            2008, AS OF JULY 24, 2007
                                            (In millions of dollars)
----------------------------------------------------------------------------------------------------------------
                                                                      Budget
                                                                     Authority        Outlays        Revenues
----------------------------------------------------------------------------------------------------------------
Enacted in previous session:
    Revenues....................................................            n.a.            n.a.       2,050,796
    Permanents and other spending legislation...................       1,410,115       1,351,590            n.a.
    Appropriation legislation...................................               0         419,862            n.a.
    Offsetting receipts.........................................        -575,635        -575,635            n.a.
                                                                 -----------------------------------------------
        Total, enacted in previous session......................         834,480       1,195,817       2,050,796
 
Enacted this session:
    U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and                1              42            -335
     Iraq Accountability Appropriations Act, 2007 (P.L. 110-
     28)\1\.....................................................
    An act to extend the authorities of the Andean Trade                       0               0             -41
     Preference Act until February 29, 2008 (P.L. 110-42).......
    A bill to provide for the extension of Transitional Medical               96              99               0
     Assistance (TMA) and the Abstinence Education Program
     through the end of fiscal year 2007, and for other purposes
     (P.L. 110-48)..............................................
                                                                 -----------------------------------------------
        Total, enacted this session.............................              97             141            -376
 
Passed, pending signature:
    A joint resolution approving the renewal of import                         0               0              -2
     restrictions contained in the Burmese Freedom and Democracy
     Act of 2003, and for other purposes (H.J. Res. 44, Pending
     Signature).................................................
Entitlements and mandatories:
    Budget resolution estimates of appropriated entitlements and         587,601         571,260               0
     other mandatory programs...................................
Total Current Level l, \2\......................................       1,422,178       1,767,218       2,050,418
Total Budget Resolution.........................................       2,496,053       2,468,314       2,015,841
    Adjustment to the budget resolution for emergency                       -605         -48,639            n.a.
     requirements \3\...........................................
    Adjustment to the budget resolution pursuant to section             -145,162          65,754            n.a.
     207(c)(2)(E) \4\...........................................
Adjusted Budget Resolution......................................       2,350,286       2,353,921       2,015,841
Current Level Over Adjusted Budget Resolution...................            n.a.            n.a.          34,577
Current Level Under Adjusted Budget Resolution..................         928,108         586,703           n.a.
----------------------------------------------------------------------------------------------------------------
SOURCE: Congressional Budget Office
NOTES: n.a. = not applicable; P.L. = Public Law
\1\ Pursuant to section 204(a) of S. Con. Res. 21, the Concurrent Resolution on the Budget for Fiscal Year 2008,
  provisions designated as emergency requirements are exempt from enforcement of the budget resolution. The
  amounts so designated for fiscal year 2008, which are not included in the current level total, are as follows:


 
                                                                      Budget
                                                                     Authority        Outlays        Revenues
 
U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq             605          48,639            n.a.
 Accountability Appropriations Act, 2007 (P.L. 110-28)..........
 
\2\ Excludes administrative expenses of the Social Security Administration, which are off-budget.
\3\ S. Con. Res. 21, as adjusted pursuant to section 207(t), assumed $605 million in budget authority and
  $48,639 million in outlays from emergency supplemental appropriations. Such emergency amounts are exempt from
  the enforcement of the budget resolution. Since current level totals exclude the emergency requirements
  enacted in P.L. 110-28 (see footnote 1), budget authority and outlay totals specified in the budget resolution
  have also been reduced (by the amounts assumed for emergency supplemental appropriations) for purposes of
  comparison.
\4\ Section 207(c)(2)(E) of S. Con Res. 21 assumed $145,162 million in budget authority and $65,754 million in
  outlays for overseas deployment and related activities. Pending action by the Senate Committee on
  Appropriations, the Senate Committee on the Budget has directed that these amounts be excluded from the budget
  resolution aggregates in the current level report.





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