The budget experts have told us that the word ``net'' is the appropriate term of art to use, that it comes out to the same monetary number that is in the Simon amendment. They just felt the word ``net'' is a better term of art.
Harry Reid
The Public Record
Harry Reid is a former United States Senator from Nevada, serving from 1987 to 2017. A member of the Democratic Party, Reid held the position of Senate Majority Leader from 2007 to 2015, making him one of the most powerful figures in the Senate during his tenure. He was known for his leadership on various issues, including healthcare reform and economic recovery efforts following the 2008 financial crisis. Reid played a significant role in passing the Affordable Care Act and was a strong advocate for renewable energy and land conservation in Nevada.
I do not think they would be required to. I say they have not done it in the past. I assume we could get them to start doing that even though it would be extremely difficult to do that.
As the Senator knows, we work on a yearly budget, and what is contemplated here is that sometime during one of those 2 years of the Congress, if there are 2 successive months where the growth is less than 1 percent, then that is where this…
I respond by saying that, as I have indicated, virtually every State has an operating budget and a capital budget. Senator Ford, a former Governor of Kentucky, came and spoke at some length about how he conducted business when he was the…
I respond to my friend from Alabama that we have significant experience with capital budgets. We have set forth in the Federal budget capital expenditures. We have used that for some 40-odd years and, of course, all State governments--not…





