T he passage of President Clinton’s budget, marked by its one-half trillion in deficit reduction, is already restoring respect for the administration. Clinton will be tempted to move on to other issues. The urgent need to make good on health care reform and the generally sour nature of budget discussions will add to this impulse. […]
Budget
Posted inEconomic Policy
Escaping the Fiscal Trap
As the 1990s begin, peace and prosperity are in abundance but so are poverty, drugs, poor schools, contaminated air and water, deteriorating roads, and a host of other problems. Although few believe that such problems can be solved with money alone, money is surely needed. Its lack has become an excuse for doing nothing or […]