William Orton: “The real issue here that we are asking is that we be honest with the American public. Section 210 in last year's…”

“The real issue here that we are asking is that we be honest with the American public. Section 210 in last year's conference report, titled ``Tax Reduction Contingent on Balanced Budget in the House of Representatives,'' at least promised the people we would not cut taxes first and then abandon spending cuts and end up increasing the deficit. That is, if anything that we have learned from the decade of the 1980's, that should be it. What is in this particular budget? We do not know. It says a net $122 billion tax cut. What is it? It does not even pay for the one item that has been identified. What about the gas tax? If we are going to repeal it more than just 6 months until the day after the election, that is going to cost an additional $30 billion. That is not paid for. Even without the gas tax in it, the numbers are $64 billion off. Where are we going to cut spending? Where are we going to raise other revenues to make up that $64 billion? That is a giant hole in this budget resolution which no one has identified, no one has talked about. The public deserves to know what is in it or what is out of it, and the public deserves to have a promise that we will not increase the deficit.”