Area Leaders Hear Upbeat Budget Talk

By Christopher Carey Of the Post-Dispatch | St Louis Post-Dispatch (MO), June 15, 1995 | Go to article overview

Area Leaders Hear Upbeat Budget Talk


Christopher Carey Of the Post-Dispatch, St Louis Post-Dispatch (MO)


Democrats and Republicans edging toward a compromise on balancing the federal budget must weigh the effect of spending cuts on American businesses, White House Chief of Staff Leon E. Panetta told a planeload of Regional Commerce and Growth Association members Wednesday.

"Very frankly, our economy has some weak signals right now," he said. "We've got to be very careful about how we bring the budget down."

Less than 24 hours after President Bill Clinton outlined his plan for erasing deficit spending, RCGA members on a political mission heard back-to-back presentations from Senate Majority Leader Bob Dole, R-Kan., and Panetta, who previously ran the Office of Management and Budget.

Dole said he was encouraged that Clinton recognized the importance of balancing the budget, even though the president's plan would take longer than the one advanced by the Republicans.

"We've got an opportunity that we haven't had in years," he said.

The budget question will be solved through leadership or crisis, Panetta said.

"Obviously, the best way to get things done is through leadership," he said. "We all agree that there has to be better fiscal restraint. You do that in your businesses and we have to do that in ours."

But the Clinton administration is committed to preserving key departments such as Education and Commerce, which the Republicans want to shrink or eliminate, Panetta said.

"Government has to make certain investments for the sake or the country and the economy," he said.

Sen. Christopher S. Bond said Congress should focus its cost cutting on specific, wasteful programs. "There are people who want to slash and burn," he said. "I think we need lots of scalpels rather than a big hatchet."

Although some of the 120 RCGA members who took a chartered Trans World Airlines flight to Washington at 6:30 Wednesday morning expressed support for a new round of tax cuts and credits, Bond said Congress must control spending first.

Ralph Korte, chairman of Korte Construction Co. in St. Louis, sharply questioned Panetta about the Clinton administration's continued support for farm subsidies

"Why not let the free market work?" he asked.

Panetta responded that singling out agriculture was unfair because the federal government provides breaks for many industries, especially those most heavily involved in world trade. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Area Leaders Hear Upbeat Budget Talk
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.