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Congressman Tom McClintock

Representing the 4th District of California

Renewing the Clinton-Gingrich Partnership

September 18, 2013
Speeches

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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