Bob Wise

I appreciate that. I would note for the gentleman from California that it is true that Mr. Friedman has won a distinguished award, as have many other economists with differing views from Mr. Friedman, so I return to my original point. Some…

I just want to respond to the previous speaker, who compared two sons of Illinois, the chairman of the committee, Mr. Rostenkowski, and Milton Friedman. The difference I would point out is that Chairman Rostenkowski makes things work. He…

Mr. Chairman, my concern over the so-called Kyl amendment going to the line-item veto is, as I understand it, and I would say to the gentleman from Arizona [Mr. Kyl], I would be happy to be corrected, but my understanding is that it is not…

The gentleman makes a good point though which is the amount where you need to commit the money sometimes is in the buildup, but in the case of the Persian Gulf where, as the gentleman correctly notes, happily this country was reimbursed…

Does the gentleman think, and I ask this once again because I am not trying to trap the gentleman, I am just interested in this concept, but does the gentleman think that can cause problems perhaps? I am wondering about, for instance, the…

And so somehow even with those structures in there something has slipped, which tells me a balanced-budget amendment in and of itself is no panacea.

Since the gentleman described my amendment as phony, I want to respond... I would hope that no Member, Mr. Chairman, would characterize an amendment as phony.

The only amendment on the floor during this debate and that will be voted on that has a capital budgeting provision and permits those kinds of expenditures that have a long term economic return is the Wise-Price-Pomeroy-Byrne-Eshoo-Furse…

Is it not a bit ironic that there are some in this Chamber who would urge a balanced budget amendment, and yet they are from the area encompassed by the Louisiana Purchase. Had Jefferson carried out what they said he meant, they would be…

I would just say for the benefit of the previous two speakers that nobody disagrees that one of the best things we can do for all citizens, including senior citizens, is to reduce interest and to keep interest rates down, because reducing…

What is the role, then, of Social Security? Why do you not just say we are going to give you the peace of mind, we are going to move it off budget? Unless you want to use Social Security--and I am not accusing the gentleman of planning to…

The language in our amendment says capital budget reflects those investments, capital investments which produce a long-term economic return. That language was specifically added to make sure to provide greater protection so that we would…

Mr. Chairman, the best way to preserve Social Security and keep it intact is to keep it off budget. That, indeed, is what I think I have heard at some point. A majority of my colleagues, in written statements, spoken statements, speeches…

I always pay it back, and I have in my income-debt service when we budget that, we know how much we owe each month and so, therefore, we write it in there. Under my proposal of capital budgeting, that amendment called debt service would be…