Ted Cruz: “That is correct. In terms of a technical offset, the spending is offset by the revenue. I am not arguing that it fails…”

“That is correct. In terms of a technical offset, the spending is offset by the revenue. I am not arguing that it fails to offset in the typical language of the Senate; rather, my concern is that is $500 million in new revenue that could be directed to deficit reduction. Given the magnitude of our national debt, if we have $500 million in new revenue from selling helium, sending it to the private sector, I would far rather see that $500 million used to pay down our deficit. What I have urged my colleagues to do is, if there are new spending programs that are of particular concern to the citizens of their States, to find other aspects of the Federal budget that could be cut to offset it so that entire $500 million could go to deficit reduction rather than to funding the new spending.”