The Pitfalls Of Clinton's Budget Plan
Reading Paul Craig Roberts' column is a pleasure. His latest comments ("Clinton's budget isn't just bad--it's unconstitutional," Economic Viewpoint, Aug. 30) are not only wise but include an important warning. Yes, the "spending cuts" in the deficit-reduction plan promise to cut only the rate of growth in new spending, mostly after 1996, adding apparently $1.1 trillion to $1.7 trillion to the national debt in 1994-98.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Smartphones Are Killing Americans, But Nobody’s Counting
- Why a Pub in the Middle of Nowhere Was Named the World’s Best Restaurant
- Gulf Coast Oil Spill May Be Largest Since 2010 BP Disaster
- Racist Outburst Prompts Faber's Exit From Three Company Boards
- Airbus Snaps Up Bombardier Jet in New Challenge to Boeing