[Congressional Record (Bound Edition), Volume 154 (2008), Part 10]
[Senate]
[Pages 14660-14662]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      BUDGET SCOREKEEPING REPORTS

  Mr. CONRAD. Mr. President, I rise to submit to the Senate the first 
budget scorekeeping reports for the 2009 budget resolution. The 
reports, which cover fiscal years 2008 and 2009, 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 7, 
2008 and include the effects of Public Law 110-252, the Supplemental 
Appropriations Act, 2008, which the President signed into law on June 
30, 2008. The estimates of budget authority, outlays, and revenues are 
consistent with the technical and economic assumptions of S. Con Res. 
70, the 2009 budget resolution.
  For 2008, the estimates show that current level spending is below the 
budget resolution by $5.4 billion for budget authority and $2.6 billion 
for outlays while current level revenues are above the budget 
resolution by $4 billion. For 2009, the estimates show that current 
level spending is below the budget resolution by $983 billion for 
budget authority and $615.8 billion for outlays while current level 
revenues are above the budget resolution level by $67.8 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 9, 2008.
     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 7, 2008. 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. 70, the Concurrent Resolution on the Budget for 
     Fiscal Year 2009, 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 2 of Table 2 of the report).
       Since my last letter, dated January 24, 2008, the Congress 
     has cleared and the President has signed several acts that 
     affect budget authority, outlays, or revenues. These amounts 
     were included in the budget aggregates of S. Con. Res. 70. 
     Please see footnote 1 of the accompanying report for a list 
     of those acts. In addition, the Congress has cleared and the 
     President has signed the Supplemental Appropriations Act, 
     2008 (Public Law 110-252). This is CBO's first current level 
     report since the adoption of S. Con. Res. 70.
           Sincerely,
                                               Robert A. Sunshine,
                                  (For Peter R. Orszag, Director).

[[Page 14661]]


       Enclosure.

   TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR
                  FISCAL YEAR 2008, AS OF JULY 7, 2008
                        (In billions of dollars)
------------------------------------------------------------------------
                                                               Current
                                     Budget       Current    level over/
                                   resolution    level \2\    under (-)
                                      \1\                     resolution
------------------------------------------------------------------------
           ON-BUDGET
 
Budget Authority...............       2,454.2       2,448.9         -5.4
Outlays........................       2,435.9       2,433.2         -2.6
Revenues.......................       1,875.4       8,879.4          4.0
           OFF-BUDGET
Social Security Outlays\3\.....         463.7         463.7          0.0
Social Security Revenues.......         666.7         666.7         0.0
------------------------------------------------------------------------
\1\ S. Con. Res. 70, the Concurrent Resolution on the Budget for Fiscal
  Year 2009, assumed $108.1 billion in budget authority and $28.9
  billion in outlays for overseas deployment and related activities.
  P.L. 110-252, the Supplemental Appropriations Act, 2008, designated
  funding for these activities as an emergency requirement, pursuant to
  section 204(a) of S. Con. Res. 21, the Concurrent Resolution on the
  Budget for Fiscal Year 2008. Such emergency amounts are exempt from
  the enforcement of S. Con. Res. 70. Since current level totals exclude
  the emergency requirements enacted in P.L. 110-252 (see footnote 2 of
  table 2), budget authority and outlay totals specified in S. Con. Res.
  70 have also been reduced for purposes of comparison.
\2\ Current level is the estimated effect on revenue and spending of all
  legislation, excluding amounts designated as emergency requirements
  (see footnote 2 of table 2), 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 ofthe Social Security
  Administration, which are off-budget, but are appropriated annually.
SOURCE: Congressional Budget Office.


  TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL YEAR
                                            2008, AS OF JULY 7, 2008
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                          Budget authority       Outlays            Revenues
----------------------------------------------------------------------------------------------------------------
Previously Enacted: \1\
    Revenues...........................................               n.a.               n.a.          1,879,400
    Permanents and other spending legislation..........          1,441,010          1,394,887               n.a.
    Appropriation legislation..........................          1,604,649          1,635,118               n.a.
    Offsetting receipts................................           -596,805           -596,805               n.a.
                                                        --------------------------------------------------------
      Total, Previously enacted........................          2,448,854          2,433,200          1,879,400
Enacted this session:
    Supplemental Appropriations Act, 2008 (P.L. 110-                     0                  7                  0
     252) \2\..........................................
 
Total Current Level 2,3................................          2,448,854          2,433,207          1,879,400
Total Budget Resolution \4\............................          2,562,305          2,464,754          1,875,400
    Adjustment to the budget resolution for emergency             -108,056            -28,901               n.a.
     requirements \5\..................................
                                                        --------------------------------------------------------
Adjusted Budget Resolution.............................          2,454,249          2,435,853          1,875,400
Current Level Over Budget Resolution...................               n.a.               n.a.              4,000
Current Level Under Budget Resolution..................              5,395              2,646              n.a.
----------------------------------------------------------------------------------------------------------------
\1\ Includes the following acts that affect budget authority, outlays, or revenues, and were cleared by the
  Congress during this session, but before the adoption of S. Con. Res. 70, the Concurrent Resolution on the
  Budget for Fiscal Year 2009: National Defense Authorization Act for Fiscal Year 2008 (P.L. 110-181), Economic
  Stimulus Act of 2008 (P.L. 110-185), Andean Trade Preference Extension Act of 2008 (P.L. 110-191), Ensuring
  Continued Access to Student Loans Act of 2008 (P.L. 110-227), Consolidated Natural Resources Act of 2008 (P.L.
  110-229), Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008 (P.L. 110-232),
  Food, Conservation, and Energy Act of 2008 (PL. 110-234), SAFETEA-LU Technical Corrections Act of 2008 (P.L.
  110-244), and Heroes Earnings Assistance and Relief Act of 2008 (P.L. 110-245).
\2\ 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
 
 
    Supplemental Appropriations Act, 2008 (P.L. 110-    -----------115,808-------------35,350--------------n.a.
     252)..............................................
 
\3\ For purposes of enforcing section 311 of the Congressional Budget Act in the Senate, the budget resolution
  does not include budget authority, outlays, or revenues for off-budget amounts. As a result, current level
  excludes these items.
\4\ Periodically, the Senate Committee on the Budget revises the totals in S. Con. Res. 70, pursuant to various
  provisions of the resolution:


 
                                                          Budget authority       Outlays            Revenues
----------------------------------------------------------------------------------------------------------------
 
    Original Budget Resolution......................... ---------2,563,262----------2,465,711----------1,875,392
    Revisions:
      For the Strategic Petroleum Reserve Fill                        -950               -950                  0
       Suspension and Consumer Protection Act of 2008
       (SPR Act) (section 323(d))......................
      For the Heroes Earnings Assistance and Relief Tax                  0                  0                  8
       Act of 2008 (Heroes Act) (section 323(d)).......
      For adjustment to debt service for the SPR and                    -7                 -7                  0
       Heroes acts (section 323(d))....................
                                                        --------------------------------------------------------
    Revised Budget Resolution..........................          2,562,305          2,464,754         1,875,400
\5\ S. Con. Res. 70 assumed $108,056 million in budget authority and $28,901 million in outlays for overseas
  deployment and related activities. P.L. 110-252 designated funding for these activities as an emergency
  requirement, pursuant to section 204(a) of S. Con. Res. 21. Such emergency amounts are exempt from the
  enforcement of S. Con. Res. 70. Since current level totals exclude the emergency requirements enacted in P.L.
  110-252 (see footnote 2), budget authority and outlay totals specified in S. Con. Res. 70 have been reduced
  for purposes of comparison.
SOURCE: Congressional Budget Office.
Note: n.a. = not applicable; P.L. = Public Law.

                                                    U.S. Congress,


                                  Congressional Budget Office,

                                     Washington, DC, July 9, 2008.
     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 2009 budget and is 
     current through July 7, 2008. 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. 70, the Concurrent Resolution on the Budget for 
     Fiscal Year 2009, 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 2 of Table 2 of the report).
       This is CBO's first current level report for fiscal year 
     2009.
           Sincerely,
                                                Robert A. Sunshine
                                            (For Peter R. Orszag).
       Enclosure.

     TABLE 1.--SENATE CURRENT LEVEL REPORT FOR SPENDING AND REVENUES FOR FISCAL YEAR 2009, AS OF JULY 7, 2008
                                            [In billions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                                                                 Current level
                                                               Budget       Current  level\2\    over/under (-)
                                                           resolution\1\                           resolution
----------------------------------------------------------------------------------------------------------------
                       ON-BUDGET
 
Budget Authority.......................................            2,455.9            1,472.9             -983.0
Outlays................................................            2,490.9            1,875.1             -615.8
Revenues...............................................            2,029.6            2,097.4               67.8
                       OFF-BUDGET
 
Social Security Outlays\3\.............................              493.6              493.6                0.0

[[Page 14662]]

 
Social Security Revenues...............................              695.9              695.9                0.0
----------------------------------------------------------------------------------------------------------------
\1\ S. Con. Res. 70, the Concurrent Resolution on the Budget for Fiscal Year 2009, assumed $70.0 billion in
  budget authority and $74.8 billion in outlays for overseas deployment and related activities. Additionally, S.
  Con. Res. 70 assumed $5.8 billion in budget authority and $1.2 billion in outlays for the Corps of Engineers.
  P.L. 110-252, the Supplemental Appropriations Act, 2008, designated funding for these activities as an
  emergency requirement, pursuant to section 204(a) of S. Con. Res. 21, the Concurrent Resolution on the Budget
  for Fiscal Year 2008. Such emergency amounts are exempt from the enforcement of S. Con. Res. 70. Since current
  level totals exclude the emergency requirements enacted in P.L. 110-252 (see footnote 2 of table 2), budget
  authority and outlay totals specified in S. Con. Res. 70 have also been reduced for purposes of comparison.
\2\ Current level is the estimated effect on revenue and spending of all legislation, excluding amounts
  designated as emergency requirements (see footnote 2 of table 2), 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.
SOURCE: Congressional Budget Office.


   TABLE 2.--SUPPORTING DETAIL FOR THE CURRENT LEVEL REPORT FOR ON-BUDGET SPENDING AND REVENUES FOR FISCAL YEAR
                                            2009, AS OF JULY 7, 2008
                                            [In millions of dollars]
----------------------------------------------------------------------------------------------------------------
                                                          Budget authority       Outlays            Revenues
----------------------------------------------------------------------------------------------------------------
Previously Enacted \1\
    Revenues...........................................               n.a.               n.a.          2,097,399
    Permanents and other spending legislation..........          1,440,235          1,392,509               n.a.
    Appropriation legislation..........................                  0            471,616               n.a.
    Offsetting receipts................................           -587,749           -587,749               n.a.
                                                        --------------------------------------------------------
      Total, Previously enacted........................            852,486          1,276,376          2,097,399
Enacted this session:
    Supplemental Appropriations Act, 2008 (P.L. 110-                     0                 23                 27
     252) \2\..........................................
Entitlements and mandatories:
    Budget resolution estimates of appropriated                    620,449            598,715                  0
     entitlements and other mandatory programs.........
Total Current Level \2,3\..............................          1,472,935          1,875,114          2,097,426
Total Budget Resolution\4\.............................          2,531,668          2,566,868          2,029,644
    Adjustment to the budget resolution for emergency              -70,000            -74,809               n.a.
     requirements\5\...................................
    Adjustment to the budget resolution for emergency               -5,761             -1,152               n.a.
     requirements\5\...................................
                                                        --------------------------------------------------------
    Adjusted Budget Resolution.........................          2,455,907          2,490,907          2,029,644
Current Level Over Budget Resolution...................               n.a.               n.a.             67,782
Current Level Under Budget Resolution..................            982,972            615,793               n.a.
----------------------------------------------------------------------------------------------------------------
\1\ Includes the following acts that affect budget authority, outlays, or revenues, and were cleared by the
  Congress during this session, but before the adoption of S. Con. Res. 70, the Concurrent Resolution on the
  Budget for Fiscal Year 2009: National Defense Authorization Act for Fiscal Year 2008 (PL. 110-181), Economic
  Stimulus Act of 2008 (P.L. 110-185), Andean Trade Preference Extension Act of 2008 (PL. 110-191), Ensuring
  Continued Access to Student Loans Act of 2008 (P.L. 110-227), Consolidated Natural Resources Act of 2008 (P.L.
  110-229), Strategic Petroleum Reserve Fill Suspension and Consumer Protection Act of 2008 (P.L. 110-232),
  Genetic Information Nondiscrimination Act of 2008 (P.L. 110-233), Food, Conservation, and Energy Act of 2008
  (P.L. 110-234), SAFETEA-LU Technical Corrections Act of 2008 (P.L. 110-244), and Heroes Earning Assistance and
  Relief Act of 2008 (P.L. 110-245).
\2\ 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 2009, which are not included in the current level total, are as follows:


 
                                                          Budget authority       Outlays            Revenues
 
 
    Supplemental Appropriations Act, 2008 (P.L. 110-    ------------85,155-------------87,211---------------n.a.
     252)..............................................
 
\3\ For purposes of enforcing section 311 of the Congressional Budget Act in the Senate, the budget resolution
  does not include budget authority, outlays, or revenues for off-budget amounts. As a result, current level
  excludes these items.
\4\ Periodically, the Senate Committee on the Budget revises the totals in S. Con. Res. 70, pursuant to various
  provisions of the resolution:


 
                                                          Budget authority       Outlays            Revenues
----------------------------------------------------------------------------------------------------------------
 
    Original Budget Resolution......................... ---------2,530,703----------2,565,903----------2,029,612
    Revisions:
      For the Strategic Petroleum Reserve Fill                         950                950                  0
       Suspension and Consumer Protection Act of 2008
       (SPR Act) (section 323(d))......................
      For the Heroes Earnings Assistance and Relief Tax                 28                 28                 32
       Act of 2008 (Heroes Act) (section 323(d)).......
      For adjustment to debt service for the SPR and                   -13                -13                  0
       Heroes acts (section 323(d))....................
                                                        --------------------------------------------------------
    Revised Budget Resolution..........................          2,531,668          2,566,868          2,029,644
\5\ S. Con. Res. 70 assumed $70,000 million in budget authority and $74,809 million in outlays for overseas
  deployment and related activities. Additionally, S. Con. Res. 70 assumed $5,761 million in budget authority
  and $1,152 million in outlays for the Corps of Engineers. P.L. 110-252, the Supplemental Appropriations Act,
  2008, designated funding for these activities as an emergency requirement, pursuant to section 204(a) of S.
  Con. Res. 21. Such emergency amounts are exempt from the enforcement of S. Con. Res. 70. Since current level
  totals exclude the emergency requirements enacted in P.L. 110-252 (see footnote 2), budget authority and
  outlay totals specified in S. Con. Res. 70 have also been reduced for purposes of comparison.
SOURCE: Congressional Budget Office.
Note: n.a. = not applicable; P.L. = Public Law.



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