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From @lex-luthor.ai.mit.edu:jcma@REAGAN.AI.MIT.EDU Wed Jun 2 18:35:22 1993
Date: Wed, 2 Jun 1993 17:05-0400
From: The White House <75300.3115@compuserve.com>
To: Clinton-News-Distribution@campaign92.org,
Subject: President's REmarks at Pharmacy 6.1.93
THE WHITE HOUSE
Office of the Press Secretary
(Milwaukee, Wisconsin)
______________________________________________________________
For Immediate Release June 1, 1993
REMARKS BY THE PRESIDENT
IN GREETING RESIDENTS OF SOUTH SIDE
Jack Langer's Pharmacy
Bayview, Wisconsin
3:45 P.M. CDT
THE PRESIDENT: Thank you very much. I want to
thank Gerry Kleczka and everybody else. But I especially want to
thank the Langer family for bringing me to Bayview. I'm glad to
be here. (Applause.) When I was on the way out here today the
Mayor said that he was the Mayor of Milwaukee and Bayview and
that I needed to know that if I was going to come here. So I'm
glad to be here.
I also want to introduce to you Wisconsin's newest
member of Congress, Mr. Peter Barca, who just showed up.
(Applause.)
I'm sorry you all are in there behind that fence,
and I look forward to getting out and shaking hands with you. I
just wanted to say one or two things before I do. I was just in
downtown Milwaukee, speaking with several thousand people about
the economic plan that I have presented to Congress. And there
are two or three things that I want to say to you about it so
you'll all know, because there are a lot of things that have not
been brought out that I think you're entitled to hear.
First of all, this plan has over 200 spending cuts.
I see all these signs saying, "Cut spending." Where were you
when we cut them? It has a lot of spending cuts in it; over $240
billion.
Secondly, the tax increases in this plan all go to
reduce the deficit, and over 74 percent of the money comes from
people with incomes above $100,000 -- families with incomes below
$30,000 pay nothing. The other thing I want to tell you is, if
your income is above $30,000 and below $100,000, depending on the
size of your family, the energy tax that the House approved costs
you a dollar a month next year, $7 a month the year after that,
and for a family of four, $17 a month the year after that. All
of it goes to reduce the debt.
I think it's worth doing. It's brought interest
rates down to a 20-year low. (Applause.) We have interest rates
at a 20-year low. That means Americans are going to refinance
their homes, get lower car loans, refinance their business loans,
get lower consumer loans, lower college loans. It will save $100
billion for American businesses and individuals this year if we
can keep those interest rates down. So I want you to support
that.
The second thing I want to say about it is this: We
have put forward a program which will open the doors of college
education to all Americans, just like I promised in the campaign
-- (applause) -- lower interest loans; better repayment terms;
and giving tens of thousands of Americans a chance to pay their
college loans by serving their communities here at home, by
working to make their communities a better place. (Applause.)
The next point I want to make is that as soon as
this budget is over, just like I said in the campaign, we're
coming forward with a plan to provide health care security,
affordable health care, to the working families of this country
-- (applause) -- who have been savaged by high costs,
insufficient coverage, and the inability to change jobs because
somebody in their family has been sick. (Applause.)
This administration is about jobs, incomes, health
care, education and training, and bringing this deficit down.
Now, I want to say one last thing. I heard all this
talk in the country about how this is a tax program. I just want
to make this point. It is not just a tax program, it's an
economic program. It is over $240 billion in budget cuts. We're
going to reduce the size of the federal government by 150,000.
We are --
Q make the cuts first!
THE PRESIDENT: We are cutting first -- that's what
the budget resolution is all about. You can't raise taxes
without the budget cuts. It's illegal now. That's the whole
point. (Applause.) They can't -- we won't have the tax
increases without the budget cuts. It's all going to be put in a
trust fund. And unlike all previous years, if we don't make our
reduction targets and reduce that debt, the President by law is
now required to come in and fix it, something previous presidents
did not have to do. We have changed the law. (Applause.)
And what you've got to decide is whether you want
more hot air, more rhetoric, more politicians up there telling
you what you want to hear, or somebody who will tell you the
truth, turn the country around, and get the economy going again.
I think that's what you want and I hope you'll support your
members of Congress and me as we try to do that. (Applause.)
Let me say one final thing. I think that a lot of
you before I came here today had no earthly idea that we'd cut
all that spending because the Congress didn't fight it, they just
did it. I think you did not know also that families with incomes
under $30,000 were being held harmless because we had support for
that. And you may not know that small businesses like Langer's
Pharmacy are going to have tax incentives to reinvest in their
businesses that were not there before if this plan passes.
This is a good plan for the economy. It's a fair
plan for the middle class. It asks the wealthiest Americans to
pay their fair share. And unlike previous plans, it's not a lot
of hot air. It will do what it's supposed to do. I think we've
had enough hot air for the last 12 years. Let's do something
real and strong and move this country forward. (Applause.)
Thank you, and God bless you all. (Applause.)
END3:53 P.M. CDT