my good friend, the distinguished chairman of the Budget Committee and the Senator from New Mexico, Senator Domenici, has just introduced and explained to the Senate two alternative budget resolutions. He has, as a matter of courtesy, introduced the President's budget without change, but with the analysis and economic impacts that it will cost made by the Congressional Budget Office. The Senator from New Mexico has also introduced a budget, a sparse and bare-bones budget, that he feels will be required as almost the only responsible answer to the refusal of the President of the United States seriously to consider entitlement reform in his budget. In order to bring the budget of the United States in balance by the year 2002, in order to get the huge fiscal dividend of more than $75 billion that economists tell us will result from a balanced budget, in order to provide the economic opportunities and the increased income to Americans across the country that a balanced budget will provide, in order to end the practice of spending money today and sending the bills to our children and grandchildren, the Senator from New Mexico has introduced a budget that does no more and no less in the way of entitlement reform than the inadequate proposals of the President of the United States, accepts the conservative projections of our economy made by our own Congressional Budget Office and, therefore, includes no room--and I emphasize no room, Mr.…
Editor's note · Context
Discussing budget resolutions and entitlement reform during Senate floor debate.
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