Hold That Sugar!

Congress says it doesn't dare put stimulus ahead of deficit cutting

MARY POPPINS THOUGHT A SPOONFUL OF SUGAR made the medicine go down. Congress, though, insists on holding the sugar and swallowing a spoonful of deficit- cutting medicine first. The Clinton Administration had wanted the lawmakers to approve by mid-March about $16 billion in immediate additional expenditures in order to stimulate the economy; a month later, they were to vote on a budget resolution outlining Bill Clinton's long-range deficit-cutting program of hefty tax increases and spending cuts. The 64 freshmen Democrats in the House rebelled. The public, they insisted, has turned so strongly in favor of cutting spending that they dared not...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!