CONTENTS

Opening statement of Hon. Gerald B. H. Solomon, chairman of the Committee

on Rules

JULY 13, 1995

Opening statement of Hon. Porter J. Goss, chairman of the Subcommittee

on Legislative and Budget Process

Opening statement of Hon. David Dreier, chairman of the Subcommittee

on Rules and Organization of the House

Page

1

3

Statement of:

June E. O'Neill, Director, Congressional Budget Office (prepared state-

ment p. 9)

5

Susan J. Irving, Associate Director, Budget Issues, General Accounting

Office (prepared statement p. 25)

Bill Frenzel, Guest Scholar, The Brookings Institution

Stephen Moore, Director, Fiscal Policy Studies, Cato Institute (prepared

statement p. 48)

Additional material submitted for the record:

Additional questions submitted to June E. O'Neill, Director, Congres-

sional Budget Office

19

Additional questions submitted to Susan J. Irving, Associate Director,

Budget Issues, General Accounting Office

37

An article titled, “2020: A Budget Odyssey," submitted by Stephen Moore

of the Cato Institute

52

Additional questions submitted to Bill Frenzel of The Brookings Institu-

tion

78

...........

JULY 19, 1995

Opening statement of Hon. Porter J. Goss, chairman of the Subcommittee

on Legislative and Budget Process

Statement of:

Hon. Christopher Cox, a Representative in Congress from the State of

California (prepared statement p. 87)

82

Hon. Peter J. Visclosky, a Representative in Congress from the State

of Indiana (prepared statement p. 94)

93

Hon. Steve Largent, a Representative in Congress from the State of

Oklahoma (prepared statement p. 105)

103

Hon. Stephen Horn, a Representative in Congress from the State of

California (prepared statement p. 116)

112

Hon. Joe Barton, a Representative in Congress from the State of Texas

(prepared statement p. 120)

119

Hon. Bill Orton, a Representative in Congress from the State of Utah

(prepared statement p. 126)

123

Hon. Robert E. Wise, a Representative in Congress from the State of

West Virginia (prepared statement p. 132)

131

Hon. Charles Stenholm, a Representative in Congress from the State

of Texas (prepared statement p. 138)

136

Additional material submitted for the record:

A graph submitted by Representative Steve Largent titled, "The Budget

Process," showing the process the House, Senate, and the President

go through to produce the Federal budget

107

A table submitted by Representative Bill Orton titled, "Table B-3.
Sources of Differences Between Actual Budget Totals and First Budget
Resolution Estimates for Fiscal Years 1980-1993"

Page

Additional material submitted for the record-Continued

A section-by-section summary of the Capital Budgeting Act of 1993, sub-

mitted by Representative Bob Wise

SEPTEMBER 13, 1995

Opening statement of Hon. Porter J. Goss, chairman of the Subcommittee

on Legislative and Budget Process

Opening statement of Hon. David Dreier, chairman of the Subcommittee

on Rules and Organization of the House

134

149

150

Statement of:

Allen Schick, professor, University of Maryland and The Brookings Insti-

tution (prepared statement p. 158)

152

Richard Kogan, senior fellow, Center for Budget and Policy Priorities

(prepared statement p. 175)

171

Timothy J. Muris, professor, George Mason School of Law (prepared

statement p. 198)

195

Carol Cox Wait, president, Committee for a Responsible Federal Budget

(prepared statement p. 214)

208

Additional material submitted for the record:

Graphs submitted by Richard Kogan of the Center for Budget and Policy

Priorities:

Graph 1: Deficits as Percent of GDP and Real Economic Growth

Graph 2: Net Federal Debt as a percent of GDP

191

192

Graph 3: Budgetary Effects of the Economy

193

Graph 4: Medicare, Medicaid, and other Federal Spending

194