President Obama has offered a plan with 4 trillion dollars in debt reduction over a decade, with two and a half dollars of spending reductions for every one dollar of revenue increases, and tight controls on future spending. It's the kind of balanced approach proposed by the bipartisan Simpson-Bowles commission.
William J. ClintonOn Bill Clinton: I have a simple question: Who's the last President to give you a balanced budget?
William J. ClintonThe era of big government is over, but the era of big challenge is not. We need an era of big citizenship. There are many important people at this summit, but the most important title is 'citizen.' This is our republic. Let us keep it!
William J. Clinton