Political Quotes

Barney Frank: “The fact is this amendment reduces budget authority. It does not squirrel it away, it does not put it anywhere else, it…”

On the recordMarch 10, 1994
The fact is this amendment reduces budget authority. It does not squirrel it away, it does not put it anywhere else, it reduces budget authority by $2.4 billion. That is $2.4 billion less than would be available for the Appropriations Committee when they do it. The budget deals with outlays, but the appropriations process, which deals with budget authority, will receive $2.4 billion less. That is why both the National Taxpayers Union and Citizens Against Government Waste sided with me.
Said by
Barney Frank
Democratic · Massachusetts

Editor's note · Context

Refuting a statement regarding budget authority during a debate on an amendment.

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It was a great mistake to push lower income people into housing they couldn't afford and couldn't really handle once they had it.

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We should have made it much higher, $125 billion or more, and we should have indexed it.

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