Pete Domenici: “the numbers will show that Defense's cuts are going to get worse than that little chart shows as we follow the…”

“the numbers will show that Defense's cuts are going to get worse than that little chart shows as we follow the President's policies and as we follow the policies of allocating more of the discretionary cuts to defense in this appropriations process called a 302(b) allocation process. Before I finish today I will urge that the allocation process not take any of the new cuts out of defense and we be given, as a people, as a Nation, the President's requested Defense budget for 1995. Having said that, I want to take a couple of more minutes, since I talked about how, if I were Chairman Sasser and a Democrat, I would be bragging about all these good things that have happened to the American economy and trying to lay all that powerful change on an August 1993 budget resolution. But I think in the process the chairman also alluded to what a great job we are doing in deficit reduction. Again, so everybody will understand, if I were the Senator from Tennessee, and the chairman, I would be saying exactly the same things. But I think a dose of realism is required here, too. So let me try a little bit. Obviously my friend from Tennessee will have plenty of time to rebut this. I would like to state for the Record and for fellow Senators what makes up the reduction in the deficit that we are touting? Where does that deficit reduction come from? So, my version says the only thing that the August 1993 deficit reduction package did was raise taxes.…”