Pete Domenici: “This is another reserve fund. The reserve fund has the advantage, for the proponent, of creating a new series of…”

“This is another reserve fund. The reserve fund has the advantage, for the proponent, of creating a new series of entitlement programs, thereby indirectly breaking the caps. If you would try to spend these in the normal way, we would be breaking the budget. So it creates a series of potentially new entitlement programs. If we ever get taxes increased or other programs cut, the resources can be put into this reserve fund. I don't believe we ought to be doing this. I have objected to them regularly here on the floor when there is no real source of money. I think we should sustain the budget point of order on this one and not start another approach to a new series of entitlement programs.”