[Congressional Record (Bound Edition), Volume 145 (1999), Part 3]
[House]
[Page 3434]
[From the U.S. Government Publishing Office, www.gpo.gov]




                 THE PRESIDENT'S BUDGET DOES NOT ADD UP

  (Mr. WATTS of Oklahoma asked and was given permission to address the 
House for 1 minute.)
  Mr. WATTS of Oklahoma. Mr. Speaker, the truth is now out about the 
President's budget. The nonpartisan Congressional Budget Office, the 
CBO, has now documented the obvious. The President's budget just does 
not add up.
  It is not simply a case of the usual Washington accounting tricks. 
The accounting is so outrageous that no serious analyst can defend it. 
In fact, the nonpartisan CBO, Congressional Budget Office, shows 
exactly where and why it does not add up. The budget busts the spending 
caps that were signed into law by the President in 1997, in the summer 
of 1997. And even more disturbing, Mr. Speaker, this budget, not only 
does it not save Social Security, it even dangers Social Security.
  Mr. Speaker, the American people deserve better.
  They deserve an honest budget.
  They deserve a budget that will continue American prosperity.
  They deserve a budget that protects Social Security.
  Mr. Speaker, the President's budget does not do that.

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