ons, and was
finally abandoned in 1990 (Weinberger 33).
o after a pain-staking trial for GOP Republicans to create, promote, 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 without deficit reduction.
Startling Facts about the 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...