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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