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...briefest national speech of his career, President Clinton took just five minutes tonight to present the nation with the outlines of anew plan to balance the budget and eliminate the federal deficitwithin ten years. While offering to cut most discretionary spending programs by 20 percent, the President saidhe would not cut education or health services for the elderly. Other priorities:give tax cuts only to the middle class, not to upper-income Americans, protect services for poor children while cutting welfare, and target fraud and waste in federal programs to achieve savings. In an equally terse response...

Author: /time Magazine | Title: CLINTON'S ZERO DEFICIT PLAN | 6/13/1995 | See Source »

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