Bill Clinton: “Good morning. This week we took a big step toward restoring opportunity and prosperity to the people of our Nation when…”

“Good morning. This week we took a big step toward restoring opportunity and prosperity to the people of our Nation when I signed into law our economic growth plan. It puts our house in order with the largest deficit reduction measure in our history, mandating more than $250 billion in spending cuts, with substantial cuts in more than 200 specific spending programs. It makes over 90 percent of our small businesses eligible for tax cuts if they invest to spur job creation. And it provides new incentives to lift people who work full time and have children in their homes but still live in poverty above the poverty line. That's a real incentive for the working poor to stay at work and a downpayment on our plan to end the welfare system as we know it. With this economic plan in place, private analysts believe more than 8 million jobs will be created over the next 4 years. Already the plan has brought interest rates to historic lows and the stock market to historic highs. People are refinancing home loans and business loans, saving a lot of money, money that can be invested to grow this economy. And we've had about a million new jobs come into the economy in the last 6\1/2\ months. This plan will help us to restore the economy and revive the American dream. But there's another threat to our security, to our economic revival, and to our most basic values. It's the crime that's ravaging our neighborhoods and communities.…”