Good old ``Rosie Scenario,'' in which every year we were presented with estimates that simply overestimated revenue, underestimated expenditures. And for the purposes of meeting the requirements of the legislation, once we had passed through the budget cycle and met the projections, we had done the job. And of course the result was the deficit grew geometrically. Does that not subject us to the same danger with section 6 of this amendment?
The speaker discusses concerns about budget estimates and their impact on the deficit.
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It takes guts to do that, and Chairman Arrington, you have certainly led the charge on having a commission.
We did a whole series of things in our Social Security reform not to discourage people from working, but to encourage them to continue working if they are able to do so.
I wish I could look you in the eye and say, you know, if we just had the will, we could reverse this, and we could go back to a time when defined benefit plans were on the increase. I do not think that is in the cards.
We admire that, and I can say on both sides of the aisle, people recognize the job he did as Budget Committee Chairman.
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