US Presidency
1984

I do not, very frankly, take seriously the Congressional Budget Office projections, because they have been wrong on virtually all of them, including the fact that our recovery wasn't going to take place to begin with. But it has taken place. But, as I said, we have the rate of increase in government spending down to 6 percent. If the rate of increase in government spending can be held at 5 percent, we're not far from there, by 1989 that would have reduced the budget deficits down to a $ 30 or $ 40 billion level. At the same time, if we can have a 4-percent recovery continue through that same period of time, that will mean, without an increase in tax rates, that will mean $ 400 billion more in government revenues. And so, I think that the lines can meet. Actually, in constant dollars, in the domestic side of the budget, there has been no spending increase in the 4 years that we have been here. Mr. Wieghart. Mr.