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.
Discussing the accuracy of the Congressional Budget Office's deficit estimates.
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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…
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…
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.
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…
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