TAILIEUCHUNG - the age of turbulence adventures in a new world phần 4

Trừ khi nó bị hủy bỏ, có thể dẫn đến một cuộc khủng hoảng tài chính," tôi nói. Như chúng ta đã kết thúc, bà Clinton có gì ngạc nhiên, nhìn ảm đạm. Mặc dù tôi đã không đặt nó trong những từ rất nhiều, thật khó mà Reagan đã vay mượn từ Clinton, | A DEMOCRAT S AGENDA cause deficit gaps to open further. So the debt rises markedly into the twenty-first century and the interest on the debt rises threatening a spiral of rising deficits. Unless it s aborted that could lead to a financial crisis I said. As we finished Clinton unsurprisingly looked grim. Though I hadn t put it in so many words the hard truth was that Reagan had borrowed from Clinton and Clinton was having to pay it back. There was no reason to feel sorry for Clinton these very problems were what had enabled him to defeat George Bush. But I was impressed that he did not seem to be trying to fudge reality to the extent politicians ordinarily do. He was forcing himself to live in the real world on the economic outlook and monetary policy. His subsequent decision to go ahead and fight for the deficit cuts was an act of political courage. It would have been very easy to go the other way. Not many people would have been the wiser for a year or two or even three. I took one other step to help the deficit hawks I advised Bentsen on how deeply I thought the deficit would have to be cut in order to convince Wall Street and thereby bring down long-term interest rates. Not less than 130 billion a year by 1997 was his shorthand description of what I said. Actually the advice I gave him was more complex. I sketched out a range of possibilities with a probability attached to each all the while carefully emphasizing that the substance and credibility of the program would be more important than the numbers. But I understood when he finally said You know I can t work with something this complicated. The figure he extracted made its way to the president and had a powerful effect. Within the White House 130 billion became known as the magic number that the deficit cuts had to hit. The budget was major news when it finally appeared. Clinton Plan to Remake the Economy Seeks to Tax Energy and Big Incomes was the banner headline of the New York Times the morning after .

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