William H. Frist said "In case the new assumptions produce a deficit in the year 2002, the President's budget proposes an immediate adjustment to the annual limits or caps on discretionary spending, lowering them enough to reach balance in the year 2002. June O'Neill from the Congressional Budget Office came before our committee, and I will quote from her testimony on April 18, 1996. She says: The basic policies outlined in the President's budget would bring down the deficit to about $80 billion by the year 2002 instead of producing the budget surplus that the administration estimates." @ PoliticalQuotes.com

On the recordMay 16, 1996

In case the new assumptions produce a deficit in the year 2002, the President's budget proposes an immediate adjustment to the annual limits or caps on discretionary spending, lowering them enough to reach balance in the year 2002. June O'Neill from the Congressional Budget Office came before our committee, and I will quote from her testimony on April 18, 1996. She says: The basic policies outlined in the President's budget would bring down the deficit to about $80 billion by the year 2002 instead of producing the budget surplus that the administration estimates.

Said by

William H. Frist

Tennessee

Source

govinfo.gov

Editor's note · Context

Discussing the President's budget and its implications for the deficit during a Senate floor debate.

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