William Orton: “there is a question whether the current law does apply to contract authority, which is the issue I am raising, and that…”

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.

No. In fact, Mr. Chairman, the language that the gentleman from Texas [Mr. Stenholm] is referring to was section 210 of last year's conference report on the budget resolution, which in fact was entitled Tax Reduction Contingent on Balanced…

let me begin with my sincere congratulations to my Republican colleagues. They have come a long way in the last 18 months since their original proposal, H.R. 4, which was a harsh and an unworkable bill. I would also like to congratulate my…

Then, in fact, Mr. Chairman, I take back the balance of my time and I would simply make the point that if the gentleman is not willing to expand his amendment to make it absolutely clear that the line-item veto applies to all contract…