On the recordFebruary 9, 1994
I would like to say to the Senator that although I completely believe that he is genuine when he says he does not want to slow this down, I believe that if you were to change the rescission and if this were to pass, to go from $3 billion to $94 billion, and the unbelievable impact that would have on this economy, having listened to Treasury Secretary Bentsen, OMB Director Panetta--what they are trying to achieve is a very good balance between growth and stimulation of this economy, as well as, frankly, streamlining. They have worked hard to do that. I would say that passage of this amendment of $94 billion would in fact slow the supplemental down dramatically, absolutely, because the difference between the $2.5 billion in the House, and if we were to achieve this amendment and it were to pass, $94 billion in rescission, I would venture to say knowing the way things work around here, that would be an enormous difference and would take a great deal of time. I have never seen a conference that would be so disparate in rescissions.
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