CLINTON UNVEILS NATIONAL ECONOMIC STRATEGY TO PUT PEOPLE FIRST June 21, 1992 Governor Bill Clinton today unveiled a "National Economic Strategy for America" that will create economic growth and put Americans back to work while halving the federal deficit. Clinton will take his plan directly to the people by introducing it to undecided voters during a televised town hall meeting broadcast on WSB-TV Atlanta and several other stations. "My strategy puts people first by investing more than $50 billion dollars each year over the next four years to put America back to work -- the most dramatic economic growth program since World War II," Clinton said. "These investments will create millions of high-wage jobs and provide tax relief to working families," he added. Clinton's National Economic Strategy also outlines plans to provide lifetime learning opportunities, ensure affordable health care coverage for every American, increase the number of community police, and help move people from welfare to work. To pay for these investments and reduce the national deficit, the Clinton strategy outlines nearly $300 billion in savings over the next four years. These savings would be generated by cutting wasteful government spending, forcing the very wealthy to pay their fair share of taxes, closing corporate tax loopholes, and implementing rigorous health care cost controls. These savings will reduce the size of the federal deficit by half over the next four years, reversing the trend of the last four years in which the deficit has doubled. The strategy also presents a plan for government and political reform that includes: eliminating 100,000 unnecessary positions in the Federal bureaucracy, closing the revolving door through which senior government officials become lobbyists, and sweeping campaign finance reform. "Millions of hard-working Americans struggle to make ends meet while their government no longer fights for their values or their interests," Clinton said. "This betrayal of democracy must stop." Highlights of Clinton's National Economic Strategy include: -- Putting America to work by rebuilding our country, converting from a dfense to a peacetime economy, revitalizing our cities, encouraging private investment and opening up world markets. -- Rewarding work and families by providing tax fairness to working families, ending welfare as we know it, providing family leave and cracking down on deadbeat parents. -- Supporting lifetime learning by bringing parents and children together, improving schools, training high school graduates, retraining workers, and offering every American the chance to borrow money for college and serve our nation in return. -- Providing quality affordable health care by radically controlling costs, reducing paperwork, phasing in universal access to basic medical coverage and cracking down on drug manufacturers and insurance companies. -- Revolutionizing government by cutting 100,000 unnecessary Federal positions, eliminating wasteful spending, stopping the revolving door from public office to private lobbying, limiting special interests and reforming campaign financing and practices. "No American will agree with all the details of my plan," Clinton said, "But you have a right to know what I'll do and where I stand." Clinton plans to elaborate on his strategy in major speeches to the annual U.S. Conference of Mayors meeting Monday, June 22nd, in Houston, Texas, and the National Association of Manufacturers in Washington, D.C. on Wednesday, June 24th.