CONTENTS

STATEMENTS OF SENATE COMMITTEE MEMBERS

Hatch, Hon. Orrin G., U.S. Senator from the State of Utah.....

Leahy, Hon. Patrick J., U.S. Senator from the State of Vermont.

Kennedy, Hon. Edward M., U.S. Senator from the State of Massachusetts

Grassley, Hon. Charles E., U.S. Senator from the State of Iowa

Durbin, Hon. Richard J., Ú.S. Senator from the State of Illinois

Thurmond, Hon. Strom, U.S. Senator from the State of South Carolina

Feinstein, Hon. Dianne, U.S. Senator from the State of California

Abraham, Hon. Spencer, U.S. Senator from the State of Michigan

Feingold, Hon. Russell D., U.S. Senator from the State of Wisconsin
Torricelli, Hon. Robert G., U.S. Senator from the State of New Jersey

CHRONOLOGICAL LIST OF WITNESSES

Page

1, 105

3, 108

4

15

25

28

33

58

157

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165

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JANUARY 17, 1997

Hon. Robert E. Rubin, Secretary, Department of the Treasury, Washing-
ton, DC

Panel consisting of Martin A. Regalia, vice president and chief economist,

U. S. Chamber of Commerce, Washington, DC; Martin J. Dannenfelser,

Jr., assistant to the president for government relations, Family Research

Council, Washington, DC; James D. Davidson, chairman, National Tax-

payers Union, Alexandria, VA; and Robert Greenstein, executive director,

Center on Budget and Policy Priorities, Washington, DC

JANUARY 22, 1997

...........

6

61

117

118

121

123

125

131

Hon. Larry Craig, U.S. Senator from the State of Idaho

Hon. Kent Conrad, U.S. Senator from the State of North Dakota

Hon. Richard H. Bryan, U.S. Senator from the State of Nevada

Hon. Byron Dorgan, U.S. Senator from the State of North Dakota

Hon. Bob Graham, U.S. Senator from the State of Florida

Hon. Frank Lautenberg, U.S. Senator from the State of New Jersey

Panel consisting of Hon. Paul Simon, former U.S. Senator from the State

of Illinois; Stuart M. Gerson, former Assistant and Acting Attorney Gen-

eral, U.S. Department of Justice, Washington, DC; and David R. Malpass,

Bear, Stearns Co., Inc., New York, NY

Panel consisting of Alan B. Morrison, Public Citizen Litigation Group, Wash-

ington, DC; and Eugene Lehrmann, American Association of Retired Per-

sons, Madison, WI

Prepared statement of Hon. Olympia J. Snowe, U.S. Senator from the
State of Maine

134

Prepared statement of Dawn E. Johnsen, Acting Assistant Attorney Gen-
eral, Office of Legal Counsel, U.S. Department of Justice

170

Lautenberg, Hon. Frank:

Testimony

131

Prepared statement

Leahy, Hon. Patrick J.:

Letter from Robert Greenstein, executive director, Center on Budget and

Policy Priorities to Senator Leahy, dated Jan. 21, 1997

107

Editorial entitled, “A Bad Check," from the Burlington Free Press, dated

Nov. 21, 1996

112

Editorial entitled, "No Need for Amendment," from the Sunday Rutland

Herald and the Sunday Times Argus, dated Nov. 17, 1996

113

Testimony

Lehrmann, Eugene:

Prepared statement

Malpass, David R.:

189

191

S.J. Res. 1, a bill proposing an amendment to the Constitution of the United

States to require a balanced budget

205

QUESTIONS AND ANSWERS

JANUARY 17, 1997

Letter to Senator Hatch including excerpt from "Fix the U.S. Budget" entitled

"Urgings of an 'Abominable No-Man,"" from James C. Miller, III

Responses of James C. Miller, III to questions from Senators: