Let us compare fairly. The Exon-Grassley proposal, $1.6 billion in actual spending reductions in this year; the Domenici proposal, zero. In 1996, Grassley-Exon $6.4 billion, Domenici $300 million. In 1997, Exon $5.6 billion, Domenici $1.9 billion. The back loading is all in the proposal by the Senator from New Mexico--$19.1 billion of his $26 billion of cuts in the last year.
Discussing spending reductions in comparison to different budget proposals.
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Social Security's financial challenge affects nearly our entire society, and the solutions will require a broad-based approach.
I urge you to vote for the confirmation of Dave Turk. I urge you to do it quickly.
I do, and I made that argument to the commission, and others on the commission made some of the points that you are making now.
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