On the recordFebruary 9, 1995
First of all, as he knows, I have great respect for him. He is an extremely valuable Member of this body. I will tell you what I think is the error of the Senator's assumption here. First, we can build in, as has been recommended by former Assistant Secretary of the Treasury Fred Bergsten, among others, about a 2-percent surplus. That on a $1.6 trillion budget would be about $32 billion. Second, because we do have to rely on estimates somewhat, we have talked about having a 3-percent leeway so that you could go 3 percent below and then that would automatically transfer to the next fiscal year. That would be $48 billion. Right now, the combination of those two things would be $80 billion. That would take care of all but two fiscal years the Senator has on the board there. In those two fiscal years----
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