Government spending: one budget battle averted, but others lie ahead

Article Abstract:

Pres Clinton is threatening to continue to veto Congressional 1995 appropriation bills, as the federal government began its 1996 FY on Oct 1, 1995 on a last-minute continuing resolution at '95 levels. The next deadline occurs Nov 15, '95, when the national debt ceiling expires.

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The many failings of the Clinton budget

Article Abstract:

US Chamber of Commerce economist Martin Regalia criticized the budget Pres Clinton proposed for 1997-98 as inadequate in the long term in testimony before the House Ways and Means Committee. Regalia recommended tax and budget reforms to improve productivity and economic growth.

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When less spending is really more

Article Abstract:

Pres Clinton's new budget will not adequately reduce the deficit, and will increase spending when adjusted with inflation. The Congressional Budget Office foresees the deficit being $63 billion short of its goals in 1998. Increased interest rates will also increase spending.

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