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Many are expecting a two-part deficit reduction program.
Instead, the backstop should be an acceptable deficit reduction program like Simpson-Bowles.
In early 1993, he publicly backed the deficit reduction program developed by the Clinton administration, even though it was built on a tax increase.
But I think there is no doubt that key and indispensable to this was the restoration of fiscal discipline, beginning with the deficit reduction program of 1993.
A failure to carry out its deficit reduction program could lead to a run on the currency, a devaluation and an even bigger global financial crisis.
And there could be a kind of grass-roots uprising in the Senate to bring some bipartisan deficit reduction program to the floor right away in December".
Similar(43)
Many analysts and economists, though, say the most diligent deficit reduction programs would do little to bring down debt levels as long as economies are not growing and the interest rates that these countries pay on their debt remain high.
Is this a deficit-reduction program?
One piece of the original welfare reform program, however, was quietly put into place in 1993, as part of President Clinton's deficit-reduction program.
As part of his deficit-reduction program, Mr. Clinton managed to push through an increase in the federal excise tax on gasoline to 18.4 cents a gallon, from 14.1 cents.
What's that doing in a deficit-reduction program?" said Barbara Manard, vice president of LeadingAge, an association of nonprofit groups that provide services to the elderly and a key Class backer.
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