My Vintage The Capital Gang- March 27, 1993: Foreign Policy and The Clinton Budget

Source: This piece was originally posted at The New Democrat Plus

President Boris Yeltsin who certainly has his issues as President of Russia, looks like a good guy if not a saint, at least compared with Vladimir Putin today. It would’ve been nice had Russia been able to transition away from President Yeltsin and to someone like him. And continued with the economic and political reforms in Russia. And not of moved in a neoconservative if not Far-Right direction. That they’ve been on ever since Putin became President of the Russian Federation in the late 1990s.

As far as the Clinton 1993 budget, I agree with then Senate Minority Leader Bob Dole. Who then was not only highest ranking Republican in Congress, but in the U.S. Government at least, when he said that President Clinton shouldn’t get that much credit for getting his budget plan through. Because he had an overwhelming Democratic Congress back then. Of something like 257 seats in the House and 57 in the Senate. And where the Senate Minority can’t block the budget and require sixty votes to pass it. Leaders shouldn’t get extra credit for simply doing what they are able to do and should do.

My Vintage Video: The Capital Gang March 27th, 1993

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My Vintage Video: The Capital Gang, February 20, 1993: The Clinton Deficit Reduction Plan

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This post was originally posted at The New Democrat on WordPress

This whole show was about the 1993 Deficit Reduction Act. That was offered by President Bill Clinton, which was his first major economic bill as President. That was passed by a Democratic Congress by a total of two votes. One vote majority in the House and a one vote majority in the Senate. With only Congressional Democrats voting for the DRA. With not a single House or Senate Republican voting for it. You can make a case that the DRA cost Democrats Congress in 1994. But the plan worked with the budget almost balanced by 1996. With most of the new revenue to the Federal budget coming from the new revenue and tax hikes from the 1993 plan. Which was a combination of spending cuts both in defense and non-defense and a tax hike on the wealthy. And reversing some of the tax cuts from the Reagan Administration from the 1980s. The plan was costly politically, but it worked.

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