1) It's called INSURANCE dummy. Check out the meaning sometime
2) lmarog... Yeah, the one passing a $700+ billion tax cut AFTER Bill's first surplus
To Establish Fiscal Discipline, President Clinton:
Enacted the 1993 Deficit Reduction Plan without a Single Republican Vote. Prior to 1993, the debate over fiscal policy often revolved around a false choice between public investment and deficit reduction. The 1993 deficit reduction plan showed that deficit and debt reductions could be accomplished in a progressive way by slashing the deficit in half and making important investments in our future, including education, health care, and science and technology research. The plan included more than $500 billion in deficit reduction. It also cut taxes for 15 million of the hardest-pressed Americans by expanding the Earned Income Tax Credit
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits."
—
Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
Wow BEFORE THE GOPers took over Congress???lol
"Clinton's 1993 (Dem Congress) budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
—
Business Week, May 19, 1997
The Clinton Presidency Historic Economic Growth
