Congress was just days away from its August vote on his deficit-reduction package and Bill Clinton, still a few votes shy of victory, was working the phones, pleading with wavering members of the House. When he put in his call to Representative Timothy Penny, a Minnesota Democrat who wanted deeper cuts than the White House plan of $496 billion over five years, Clinton got right to the point. Not only would he propose more reductions in the fall, the President promised, but he would welcome proposals from Congress for further cuts. "This is just the first step," Clinton assured him.
When...