What this chart shows is that in each year, the CBO has underestimated deficits up until 1993, which they overestimated the deficit. About half, look at 1990, they underestimated the deficit by $119 billion. Half of that was revenue.
William Orton
The Public Record
American politician (1948-2009)
★ Featured Quote
July 10, 1996
CBO has it wrong, but under the gentleman's proposal CBO would have it even more wrong and we would have even higher deficits.
— William Orton
I will be very brief just in stating my support for the amendment. Indeed the President has, as indicated, indicated that he would do this administratively. I believe it is good to put it in statutory language. I support the amendment by…
In fact that adds up to a total according, to the Joint Economic Committee, of $216.1 billion in cuts. If in fact you only have $122 billion provided for in tax cuts, you are $94 billion short.
I think it will remove criticism from the amendment and in fact eliminate one of the objections that many people have had to this particular bill.
That is the point I wish to make. And if, in fact, as the gentleman has indicated, Mr. Chairman, that the line-item veto would, not only under current law but under his amendment, apply line-item veto to all contract authority, then I…
There is a question whether the current law does apply to contract authority, which is the issue I am raising, and that is why I wish for the chairman to be on record.
Well, Mr. Chairman, that is my concern, because as the gentleman will recall, during the debate of the line-item veto bill I rose to propose an amendment to the line-item veto bill, to apply the line-item veto to contract authority as…
In closing let me just say we do not want to make this a partisan fight. This motion to recommit is not partisan. This motion to recommit does nothing to the bill which we are adopting except one thing: making the line-item veto effective…
Just in response to my friend who just mentioned that it was the President who asked for this, yes, the President asked for line-item veto. The President did not ask for line-item veto to be until after the new year of 1997. It was offered…
The gentleman's position is certainly understandable. The concern, however, is that it certainly was a major platform in the Contract With America. It passed this body with overwhelming support. The President supports it, yet the 1996…
We did not get any money to build a road to a ski resort in Utah as they did in Pennsylvania.
It is different from the ARC. The ARC is direct money going to communities to pay for highways, for the kinds of----
It is questionable whether the State benefits from it, but the State does receive money to build it, yes.
I did not make an allegation that they called the mayor of Provo, UT. If you will read the Record, it is clear what I said, and the information came from various lobbying sources who lobbied this city in behalf of a mayor in my district …
Mr. Chairman, I am sure my friend and colleague would not want to misspeak or misrepresent the facts. In fact, discretionary spending for transportation programs includes the contract authority spending. It does come under the 602(b)…
It is my time--which runs parallel to the Pennsylvania Turnpike, and runs a four-lane highway through a town of 1,700 people; is that from contract authority? Was that from the general formula funding that the State determined? Or where…
I will just say that, in closing, impact aid is the only source of revenue that the school districts have in order to make up for this loss, and unless schools have some opportunity to expand their tax base, we could see over 2,100 schools…





