Martin Hoke: “do you remember back in the Presidential campaign of 1992 when President Clinton made a number of promises to the…”

“do you remember back in the Presidential campaign of 1992 when President Clinton made a number of promises to the American people? He promised that he was going to give us a middle-class tax cut. He promised that he was going to lift the senior citizens earning test. He promised that he would enact a line-item veto. He promised that he would balance the budget. He did not say he was going to balance the budget overnight. He said he was going to balance the budget. Let us look at the record. Let us look at the record. He reneged on the middle-class tax cut promise. In fact, he raised taxes, attempted to raise taxes in a very, very broad form way. Did not get away with that in terms of the Btu tax but still, in fact, did raise taxes. He reneged on the middle-class tax cut. No. 2, he did not lift the senior citizens earning test. Instead, what he did do was he cut Social Security benefits by $24.8 billion, $25 billion that he cut social security benefits by.”