On the recordMay 3, 1994
What we do is cut off projected spending, so I anticipate one of these years we are going to blow projected spending up, really make it look high, and then we are going to come back and say we just had the biggest budget cut in history, and we cut $1 trillion over 5 years, and that is only because we projected the numbers much higher than where they actually ought to be.
Source
govinfo.gov




