The White House at Work (5/5)

11:57 AM 05 May 1997
from: Kevin S.
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                                    Monday, May 5, 1997

          A BALANCED BUDGET THAT INVESTS IN AMERICA'S FUTURE

       President Clinton and Congressional leaders have reached a bipartisan agreement
that will balance the budget for the first time since 1969 to keep the economy growing,
while also protecting and advancing America's values:

      It protects Medicare and Social Security -- extending the life of the Medicare trust
       fund for a decade, and extending new benefits to our parents (paying for annual
       mammograms and respite care for families of Aizheimers patients). It protects and
       extends the life of Social Security as well.

      It opens the doors to education wider than ever with the largest increase in
       education funding in 30 years: increasing Pell Grants by the largest amount in three
       decades, funding America Reads, and cutting taxes to help pay for college.

      It extends health insurance to 5 million uninsured children, and helps move people
       from welfare to work -- giving businesses incentives to hire people off welfare, and
       restoring benefits to legal immigrants and excessive cuts in food stamps.

      It protects our environment -- cleaning up 500 of the most dangerous toxic waste
       dumps and boosting enforcement -- and includes modest tax relief to spur business
       investment, to help families raise children, and to help pay for college.

       This new balanced budget agreement builds on President Clinton's success in
cutting the deficit by nearly two-thirds over the past four years, to revitalize the economy:

      When President Clinton took office, the economy was stagnating, job growth was
       sluggish, the budget deficit threatened to drown our economy.

      President Clinton changed America's course with a new economic strategy: invest and
       grow, cut the deficit, sell more products overseas through tough trade agreements, and
       invest in the skills of our people.

      Now, the deficit has been cut for four years in a row. Unemployment is at its lowest in 24
       years, economic growth is at its highest in a decade, we've seen the largest decline in
       income inequality since the 60's, and 12 million jobs have been created. This balanced
       budget agreement will help keep the economy growing, steady and strong.

    TODAY: PRESIDENT CLINTON TRAVELS TO LATIN AMERICA TO BRING
                   HEMISPHERE CLOSER TOGETHER

      The President leaves today for a week-long trip to Mexico, Costa Rica and Barbados, to_
       strengthen an emerging alliance based on democratic government, open markets to
       promote growth and create jobs, and cooperation to resolve common problems such as
       drugs, crime and corruption, and migration.


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                 Hex-Dump Conversion
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