Political Quotes

“Mr. President, I wish to submit to the Senate a budget scorekeeping report. The report, which covers fiscal year 2022, was prepared by the Congressional Budget Office pursuant to section 308(b) and in aid of section 311 of the Congressional Budget Act of 1974, as amended. This information allows the Senate Budget Committee to determine if budgetary points of order lie against pending legislation. The report shows the effect on spending and revenues of congressional action through April 25, 2022, as compared to the levels the Senate agreed to in the budget resolution for fiscal year 2022, S. Con. Res 14. I have revised the levels in the budget resolution five times for legislation, as authorized by the resolution. The report shows the effects of the 11 laws signed by the President since the passage of the budget resolution with significant effects on budget authority, outlays, or revenues. Tables 1 and 2 show that for fiscal year 2022, current law budget authority is $27 billion below the maximum allowed in the revised budget resolution, outlays are $18 billion below the allowed maximum, and revenues are $0.1 billion above the allowed minimum. They also show there has been no net change for Social Security. The third table shows the Senate pay-as-you-go scorecard tallying enacted legislation with significant effects on mandatory spending and revenues.…”