Pete Domenici: “in order to complete our legislative agenda in the 106th Congress, our leadership has put forth a very simple concept.…”

“in order to complete our legislative agenda in the 106th Congress, our leadership has put forth a very simple concept. For the upcoming new fiscal year that begins in about 12 days, lets devote 90 percent of the surplus to debt reduction. And the remaining 10 percent can be used for tax cuts and final spending bills. This is a very reasonable and straightforward proposal, and I compliment our leadership both in the House and the Senate for making the proposal to the President last week. I don't quite understand why the White House and some Democrats are so negatively excited about this proposal. For some reason, the White House and congressional leaders are having a great deal of difficulty understanding a very simple proposal. Indeed, our distinguished minority leader, even said he "smelled a rat" in this proposal. Why is it so difficult for the White House and congressional Democrats to understand this simple proposal. Maybe it is because they are really not serious about their own rhetoric about debt reduction.”