The Clinton administration claims that its $1.84 trillion budget for FY 2001 is a “balanced and fiscally responsible” framework to retire debt, secure Social Security and Medicare, cut taxes, and invest in key priorities. Behind the rhetoric, however, the numbers show that Bill Clinton is proposing a massive increase in the size of government, a trivial amount of tax relief, and a phony scheme to extend the lives of the Social Security and Medicare trust funds.
If enacted, the president’s FY 2001 budget would mean: