This episode's headline: Balancing Act; Editors' Views - Budget; Church & State. The guests include SEN. TRENT LOTT, Majority Whip; SEN. CHRISTOPHER DODD, [D] Connecticut; LEE CULLUM, Dallas Morning News; ED BAUMEISTER, Trenton Times; CLARENCE PAGE, Chicago Tribune; GERALD WARREN, San Diego Union-Tribune; DAVID SARASOHN, Portland Oregonian; CYNTHIA TUCKER, Atlanta Constitution; CORRESPONDENTS: KWAME HOLMAN; RICHARD OSTLING. Byline: In New York: ROBERT MAC NEIL; In Washington: JAMES LEHRER