Root Canal Politics
Root Canal Politics
Economic Policy Making in the New Administration
This chapter focuses on the enactment of Clinton’s landmark economic plan in 1993. The early economic policy decisions and the battle for the 1993 budget set the stage for economic policy making for the rest of the Clinton administration. The budget bill also had a number of important consequences, both political and economic. The bitter partisan fight over the 1993 budget led to a split among Democrats about whether to strike a deal with the Republicans in 1997 to balance the budget. On the other hand, the full economic consequences of the 1993 budget bill took longer to be felt than did its political effects. But over time, Clinton’s team began to see actual reduction of the budget deficit.
Keywords: 1993 budget bill, economic policy, Clinton administration, budget deficit
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