Renewing the Clinton-Gingrich Partnership
September 18, 2013
Renewing the Clinton-Gingrich Partnership
September 18, 2013
Mr. Speaker:
I was deeply saddened to see the President begin the sixth year of our nation’s economic malaise by renewing his partisan name-calling and finger pointing on Monday.
Fortunately, we have a model for bi-partisan economic cooperation. In 1995, when President Clinton realized his policies weren’t working, he reached across the aisle to work with a Republican House, and despite their political differences, they did some amazing things:
* They reduced federal spending by a miraculous four percent of GDP.
*They produced the largest capital gains tax cut in American history.
*They reformed entitlement spending by abolishing the open-ended welfare system we had at the time.
*They delivered four years of budget surpluses.
These bi-partisan policies produced a period of prolonged economic expansion and unprecedented prosperity for America’s middle and working classes.
Republicans have been eager to repeat these successful bi-partisan policies of the Clinton years. Why isn’t the President?
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