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) allocations. It is all part of discretionary spending, only this part would not be subject to the veto. That is the difference. I would also suggest to the gentleman that under the current language of the line-item veto, H.R. 2, any amount which is vetoed by the President goes back into the appropriation cycle to be reallocated among other programs. Without a deficit reduction trust fund, it does not lower the deficit either.
William Orton: “Mr. Chairman, I am sure my friend and colleague would not want to misspeak or misrepresent the facts. In fact…”
Editor's note · Context
Responding to a colleague's statement regarding discretionary spending and the line-item veto.
Share
More from William Orton
I rise in support of H.R. 3448, the Small Business Job Protection Act. This bill contains a number of provisions that I have long supported, and which encourage the creation and growth of small businesses. First, the bill increases the…
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…
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.
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…





