Bill Clinton: “Oh, yes. They're legally bound to take place. But let me say this in response to what Senator Dole said last night. You…”

“Oh, yes. They're legally bound to take place. But let me say this in response to what Senator Dole said last night. You ought to go study the program he presented the Senate. A higher percentage of his cuts occur in the last 2 years than mine. The reason for that is that these cuts tend to be cumulative. That is, if you start right now and you want to shave a program--let me give you a program that I tried to shave that we are going to cut, the subsidy for people who grow wool and mohair, you know? The wool and mohair subsidy is $600 million. It's money that can't be justified. It goes back to the Korean war. Because the people that represent those farmers didn't want to eliminate it altogether, we're phasing that in. If you cut farm subsidies, which we're doing, it's fairer to phase that in. You want to give people time to prepare for that. The other reason, frankly, is that we have already gotten for next year and the year after in our budget virtually flat spending from this year. So if you want to go from flat spending to big cuts, you've got to give people time to adjust to that. But these cuts are absolutely real, and they have to be put in. The only thing that could derail this budget is if there's a big recession and the revenues don't come in or we don't with discipline, deal with the health care issue, which I intend to do. Deficit Reduction”