On the recordJune 12, 1996
First of all, the Republican-appointed Director of the Congressional Budget Office states in the latest CBO report--and I quote from the summary page: Both the Congress and the President, however, have proposed changes in policies that would balance the budget in 2002. Let me read it again. Both the Congress and the President, however, have proposed changes in policies that would balance the budget in the year 2002. I am reading from the ``Economic and Budget Outlook, Fiscal Years 1997 to 2002, Report to the Senate and House Committees on the Budget, Congress of the United States, Congressional Budget Office.'' The second point that I will make: That does not suggest that what my friend said is not true, but it is kind of like you have to watch the pea and the shells here. The idea of these dual books, the President all along has said the economy is going to grow more robustly, has all along said that the CBO's estimates are too cabined, that things are going to be better than they say. So far he looks like he is right. But he said, ``You want me to do it according to the way you want the numbers,'' which I do not think are realistic numbers. I think they are too conservative. Business thinks they are too conservative. Everybody thinks they are too conservative except our conservative Republican friends.…
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