I would simply say that I did not see that side of the aisle getting any double hernias trying to do heavy lifting in order to get the lockbox adopted on the rescissions bill. In fact, I saw them after they accepted the Brewster amendment, the rescission bill in this House, applying the lockbox principle to all of the savings, both near year and outyear in the rescissions bill. I did then see them swallow a process in which all of the outyear dollars were diverted for the tax cut, rather then for deficit reduction. I find it interesting that the lockbox will be used to provide tax cuts for somebody making $200,000 a year, but we will also pretend we are going to make additional savings in this bill for people at the lower end of the economic scale, when in fact we know that all of the savings you are going to have in this bill have already been made, they have already been cut, and, again, they are being used to justify a tax cut.
David Obey: “I would simply say that I did not see that side of the aisle getting any double hernias trying to do heavy lifting in…”
Editor's note · Context
Discussing the implications of the rescissions bill and the use of the lockbox principle.
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