omote, and pass their budget, as promised on campaign trail 94,
Clinton rejected the very bill he demanded. This essentially brought
the federal budget back to square one. Clinton thought such a demand
on Republicans to produce a budget would produce inner-party quarrels
and cause the GOP to implode. Instead, they produced a fiscal budget
that passed both houses of Congress, only to be stalemated by a
stubborn Democratic President Clinton. Meanwhile, Clinton bounced back
with a CBO scored plan with lighter, less risky cuts to politically
sensitive areas like entitlements. Clinton's plan also saved dollars
for education and did not include a tax increase, but most cuts would
not take effect until he is out of office, in the year 2001. Although
Clinton is sometimes criticized for producing a stalemate in budget
talks, the White House points out that the debt has gone down since
Clinton took office, with unemployment also falling. Republicans are
quick to state that Clinton originally increased taxes in 1993 and cut
defense programs, but his overall plan was for an increasing budget
As of 1996, the national debt was at an all time high of $5
trillion dollars, with interest running at a whopping $250 billion per
year (Rau M-1). This equals out to an individual responsibility of
more than $50,000 per taxpayer. Nearly 90% of that debt has
accumulated since 1970, and between 1980 and 1995, the debt grew by
500%. Currently, the debt grows by more than $10,000 per second (Rau
M-l), and at current rates, a baby born in 1992 will pay 71% of his or
her income in net taxes. At current rates, our government is about to
reach its breaking point. If that's not enough to scare a taxpayer, by
2002, 60% of government spending will be for entitlements, and by
2012, these programs are projected to take up all government revenue
(Dentze...