William Orton: “We did not get any money to build a road to a ski resort in Utah as they did in Pennsylvania.”

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…

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.

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…

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.