Right Data

Rubenstein, Ed
May 1997
National Review;5/19/1997, Vol. 49 Issue 9, p16
The article assesses the balanced-budget plan for 1997 to 2002 released by U.S. President Bill Clinton in May 1997. Even though discretionary spending accounts for just one-third of the budget, the budget plan stuffed three-quarters of all spending cuts between 1997 and 2002 in the discretionary spending category. Non-defense discretionary spending, which covers federal infrastructure, education and other investments, will be taken down further under Clinton's long-term plan, from 3.8 percent of gross domestic product (GDP) in 1997 to 2 percent of GDP around 2015. Clinton claims that his budget plan would meet the 2002 target. It would also forestall budget deficits after that.


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