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...this year's deficit will add just $255 billion -- not the $322 billion the CBO predicted in January -- even that figure amounts to an uncomfortable 4.1% of gross domestic product. So Penny has taken Clinton at his word about welcoming more input from Congress. He and Ohio Republican John Kasich are sponsoring a proposal for $103 billion in further cuts over five years. In the Senate, Bob Kerrey of Nebraska, who gave Clinton his one-vote margin of victory on the budget, is trying to patch together a $100 billion deficit- cutting plan...

Author: /time Magazine | Title: Remember the Deficit? | 11/8/1993 | See Source »

Give them all credit for taking on a thankless task. The Penny-Kasich House version includes a politically risky reduction of Medicare payments for recipients who earn $75,000 or more in adjusted gross income. Penny can afford the risk -- he has already announced that this will be his last term in the House. And Kerrey, who has no plans for retirement soon, knows what he's up against. "I could walk into the Senate with a headband in Japanese lettering, salute the Emperor and go to my death offering major deficit reduction," he laments. Should a ceremonial sword...

Author: /time Magazine | Title: Remember the Deficit? | 11/8/1993 | See Source »

OHIO CONGRESSMAN JOHN KAsich was just musing when he told friends that he and some other Republicans should invite Hillary Rodham Clinton to dinner to talk about health care. To his surprise, Hillary heard about the idea and phoned to accept. Over grilled salmon at Kasich's home last week, Mrs. Clinton and 11 Republicans talked for 2 1/2 hours about the chances for bipartisan cooperation. Result: some differences over specifics, but joint recognition that the public is demanding action...

Author: /time Magazine | Title: Paying for The Clinton Plan | 6/28/1993 | See Source »

Hillary's Republican dinner companions made it plain that they want to help pass some kind of reform before facing the voters in 1994. Lawrence O'Donnell, staff director of the Senate Finance Committee, thinks that group may approve the taxes needed to pay for reform this year. But Kasich warned Mrs. Clinton that the Administration must do something first: set a firm date for unveiling a plan -- and this time stick...

Author: /time Magazine | Title: Paying for The Clinton Plan | 6/28/1993 | See Source »

...real lesson of Kasich's budget plan is that you can indeed cut spending more than President Clinton has proposed -- but not without taking more political heat than the Republicans have shown an interest in taking. By all means, let's have a serious debate about the role of government. Bob Dole can kick it off by endorsing the Kasich plan in all its glorious detail. I really hope he does. In fact, I dare...

Author: /time Magazine | Title: Budget Battle: Clinton vs. Kasich | 5/24/1993 | See Source »

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