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Hughes seems to think the arts and humanities should be exempt from the same vigorous scrutiny that virtually every other part of the federal budget is undergoing. When we have a national debt of nearly $5 trillion, it is the height of arrogance to believe that anyone's pet programs should be sacred cows. This view, by the way, is not the partisan attack Hughes would have readers believe. Even the Progressive Policy Institute, an arm of the Democratic Leadership Council, stated in its 1993 Mandate for Change that it opposed federal funding for the arts and humanities...
...party-line votes, both the House and Senate adopted the Republican seven-year balanced-budget plan that would slash spending by nearly $1 trillion and taxes by $245 billion. President Clinton warned that he would wield his veto power in the months ahead to refashion the spending and tax bills that will be required to implement the plan, which only sets budgetary outlines. In other budget matters, a $16.4 billion package of cuts in the current year's budget-originally vetoed by the President but since modified by Republicans to obtain his support-was stalled just before the July...
...down hard on the $119 billion of Japanese exports it buys every year, could drastically deepen Japan's economic woes. Dropping production could in turn accelerate price deflation, cause more bankruptcies and ravage a banking system already staggering under bad loans that could amount to as much as $1 trillion...
House and Senate conferees split the differences separating the two chambers and announced they had reached a compromise for a seven-year balanced-budget plan. They agreed to recommend that both Houses adopt nearly $1 trillion in spending cuts, approve $245 billion worth of tax reductions and abolish the Commerce Department...
Embracing the Republican brand of balanced-budget politics, President Clinton went on national TV to unveil his version of a no-deficit plan. The key elements: a balanced budget by the year 2005 (three years later than the G.O.P. proposes); $1.1 trillion in spending cuts, including sizable bites out of Medicare and Medicaid (but far smaller than the G.O.P.'s); and targeted middle-class tax cuts, especially for families saddled with college costs (also smaller than the G.O.P.'s tax breaks). Jubilant Republican leaders cheered the President's political turnabout, then carped that his plan fell short. Congressional Democrats, many...