The Era of Big Government Is Over: Bill Clinton on Education, Economy (1996)

• Report rights infringement
• published: 15 Sep 2014
• views: 650

During his presidency, Clinton advocated for a wide variety of legislation and programs, much of which was enacted into law or was implemented by the executive branch. Some of his policies, such as the North American Free Trade Agreement and welfare reform, have been attributed to a centrist Third Way philosophy of governance, while on other issues his stance was left-of-center.[54][55] On budgetary matters his policy of fiscal conservatism helped to reduce deficits.[56][57] Clinton presided over the longest period of peacetime economic expansion in American history.[58][59][60] The Congressional Budget Office reported budget surpluses of $69 billion in 1998, $126 billion in 1999, and $236 billion in 2000,[61] during the last three years of Clinton's presidency.[62] At the end of his presidency, Clinton moved to New York and helped his wife win election to the U.S. Senate there. Clinton was inaugurated as the 42nd President of the United States on January 20, 1993. Shortly after taking office, Clinton signed the Family and Medical Leave Act of 1993 on February 5, which required large employers to allow employees to take unpaid leave for pregnancy or a serious medical condition. This action had bipartisan support,[63] and proved quite popular with the public.[64] On February 15, 1993, Clinton made his first address to the nation, announcing his plan to raise taxes to cap the budget deficit.[65] Two days later, in a nationally televised address to a joint session of Congress, Clinton unveiled his economic plan. The plan focused on reducing the deficit rather than on cutting taxes for the middle class, which had been high on his campaign agenda.[66] Clinton's advisers pressured him to raise taxes on the theory that a smaller federal budget deficit would reduce bond interest rates.[67] On May 19, 1993, Clinton fired seven employees of the White House Travel Office, causing the White House travel office controversy even though the Travel Office staff served at the pleasure of the President, who could dismiss them without cause. The White House responded to the controversy by claiming the firings were done because of financial improprieties that had been revealed by a brief FBI investigation.[68] Critics contended the firings had been done to allow friends of the Clintons to take over the travel business and that the involvement of the FBI was unwarranted. Clinton signed the Omnibus Budget Reconciliation Act of 1993 in August of that year, which passed Congress without a Republican vote. It cut taxes for fifteen million low-income families, made tax cuts available to 90 percent of small businesses,[71] and raised taxes on the wealthiest 1.2 percent of taxpayers. Additionally, through the implementation of spending restraints, it mandated the budget be balanced over a number of years. Clinton made a major speech to Congress regarding a health care reform plan on September 22, 1993, aimed at achieving universal coverage through a national health care plan. This was one of the most prominent items on Clinton's legislative agenda, and resulted from a task force headed by Hillary Clinton. Though at first well received in political circles, it was eventually doomed by well-organized opposition from conservatives, the American Medical Association, and the health insurance industry. However, John F. Harris, a biographer of Clinton's, states the program failed because of a lack of coordination within the White House.[35] Despite the Democratic majority in Congress, the effort to create a national health care system ultimately died when compromise legislation by George J. Mitchell failed to gain a majority of support in August 1994. It was the first major legislative defeat of Clinton's administration.[32][35] In November 1993, David Hale, the source of criminal allegations against Bill Clinton in the Whitewater controversy, alleged that Clinton, while governor of Arkansas, pressured him to provide an illegal $300,000 loan to Susan McDougal, the partner of the Clintons in the Whitewater land deal.[73] A U.S. Securities and Exchange Commission investigation did result in convictions against the McDougals for their role in the Whitewater project, but the Clintons themselves were never charged, and Clinton maintains innocence in the affair. Clinton signed the Brady Bill into law on November 30, 1993, which imposed a five-day waiting period on handgun purchases. He also expanded the Earned Income Tax Credit, a subsidy for low-income workers. http://en.wikipedia.org/wiki/Bill_clinton Image by U.S. Department of Energy, via Wikimedia Commons