John Doolittle: “it is not reform. It is deception. That is what Mr. Samuelson from the Washington Post says about Shays-Meehan. I want…”

“it is not reform. It is deception. That is what Mr. Samuelson from the Washington Post says about Shays-Meehan. I want to keep repeating that. It is not reform. It is deception. Because that is exactly what it is. It is deception. By the way, one part of this deception I really like which is this part about the loan provision is marvelous. That is perfectly consistent with my plan for deregulation, which would eliminate all the limits and would solve this problem once and for all because we would have full disclosure, and you would not have to have this subterfuge of soft money and issue ads and independent expenditures and all these things that are getting worse and worse because of you folks. You gave us the present law, and you are making it worse. But this loan provision is fantastic. I want to draw everyone's attention to it. If this horrible bill somehow becomes law, we will take full advantage of it, I promise you, because we can do this, too, as Republicans thanks to the provision that you have given us. Here is the analysis I am reading from. ``In contrast to current law, the proposed language would allow the national party committee to pay any debt with soft non-Federal dollars from the period of November 5, 2002, to January 1, 2003.'' Now, that is not consistent with the current regulations that specifically require hard debt to be paid with hard dollars.”