NCPA - National Center for Policy Analysis

Problems with the Clinton Budget

February 26, 1997

Advocates of lower taxes and economic growth find little to get excited about in President Clinton's latest exercise in federal budgeting.

  • Clinton's ultra-modest $13.8 billion a year in tax cuts will vanish if he fails to reduce the deficit which the Congressional Budget Office is predicting for the year 2000.
  • Clinton delays all major debt reduction until after 2000 -- when he leaves office.
  • Clinton wants to spend an extra $60 billion over the next four years on Medicare, Medicaid, welfare and educational programs -- including the "Kids First" health plan, which three years ago was billed as the foot in the door for the new Clinton health care program.
  • All the while, critics say, the President claims, "We are, in fact, cutting the size and scope of government as we move toward a balanced budget."

Given this, some Congress-watchers are asking why the GOP has offered such a tepid response to plans for higher federal spending.

Source: Editorial, "The Clinton Budget: A Second Look," Investor's Business Daily, February 26, 1997.

 

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