Bill Clinton: “No. I think we did the right thing. In the 21st century most job growth is going to come from the private sector. We…”

“No. I think we did the right thing. In the 21st century most job growth is going to come from the private sector. We will have to do more public work in two areas: in infrastructure, just like all of our competitors do, our roads, our bridges, our airports, the things that make you a rich and powerful country; our telecommunications infrastructure that the Vice President's always talking about will have to have various supports. The second thing we'll have to do is we'll have to give more direct or indirect support to create jobs in high unemployment areas. That's what our empowerment zones are all about: enticing people through tax incentives to invest in areas where unemployment is high. But I would remind you we have increased programs for education and training. We have dramatically increased the availability of low- interest college loans. We have increased the number of people who can apply for national service loans. We have increased Head Start. We have increased immunization eligibility for little kids by millions. We have increased spending on the things which are critical to our future. Will we have to invest more there? We will. But first we had to get our economic house in order. You cannot keep spending money you don't have and expect to get ahead of the game. We have now done that, and we can focus on investment. Defense Executive Salaries”