Frank Lautenberg: “my amendment establishes a reserve fund for national defense and homeland security. The amendment is necessary because…”

“my amendment establishes a reserve fund for national defense and homeland security. The amendment is necessary because the budget resolution actually cuts defense spending by $103 billion below the President's request over that 10-year window. That is according to CBO and SBC. From 2004 through 2008, the Republican budget assumes defense spending at the level requested by the President. But the last 5 years of the budget window, from 2009 through 2013, the Republican budget resolution cuts $103 billion below the level CBO estimates. I ask that my friends on the Republican side of the aisle be very careful when they look at the Republican message. It says the Lautenberg amendment reduces the growth package by $103 billion in budget authority and $88 billion in outlays. They don't say that the budget comes from the tax cuts.”