Clinton Seizes on Robust Economy to Attack Republican Budget Plans

President Clinton quickly capitalized on newly released economic figures to take a swipe at the Republicans' budget plans, citing a 4.2 percent annual growth rate in the third quarter as evidence that the economy is "moving" in a positive direction. Clinton's comments come as the White House and congressional leaders continue to spar over budget negotiations, with Clinton advocating for a balanced budget that invests in education, technology, and healthcare while Republicans push for deeper cuts.

Key Takeaways:

• The Commerce Department reported a 4.2 percent annual growth rate in the third quarter, marking an unexpectedly robust pace for the U.S. economy.
• President Clinton used the figure to attack the Republicans' budget plans, warning that they would reverse the economy's upward course.
• Clinton emphasized the need for a balanced budget that invests in key areas such as education, technology, and healthcare, while reducing the size of the federal government.
• White House spokesman Mike McCurry continued to trade barbs with House Speaker Newt Gingrich over the tone of budget debate, with McCurry joking about being in the "unemployment line" and McCain remarking that he'd be happy to avoid a meeting with Gingrich.
• The exchange highlighted the partisan tension over budget negotiations, with Clinton seeking a bipartisan agreement and Republicans pushing for deeper cuts.

Statistics:

• 4.2 percent: The annual growth rate in the third quarter, as reported by the Commerce Department.
• 3 years: The period over which the federal deficit has dropped dramatically.
• $1.6 trillion: The cumulative deficit reduction over the past three years, as cited by the White House.
• 1995: The year in which the Republican Congress took control of the budget process, leading to a sharp increase in partisan tensions.

Sources:

• Byline: KENNETH R. BAZINET WASHINGTON (no date specified)
• The Commerce Department's quarterly economic report (October 1996)