Orrin Hatch: “Well, I think the Senator raises a very good point, which is that there are some who say that we ought to balance the…”

“Well, I think the Senator raises a very good point, which is that there are some who say that we ought to balance the budget like the States. Well, there are 44 States that have balanced budget amendments. First, that is a difference there. We don't have a balanced budget amendment in the Constitution; they do in theirs. Second, some States do have capital budgets and, therefore, are different. But the reason they are different is because States don't print the money. We print the money. We have a huge budget. They have to live within certain constraints. So it isn't exactly alike, there is no question. What we are requiring here is the Federal Government--I mentioned in my remarks that in the fiscal 1998 budget are some $20 billion-plus, less than 1.6 percent of the total budget, that would be used for capital budgets. The Federal Government has such a massive budget that it doesn't need capital budgets. Most budgeteers will say don't do it to the Federal Government, for a wide variety of reasons.”