And there was a major spending reduction in the wake of the income-tax increase Clinton is famous for, with the budgetary surplus implying future tax cuts.
The budgetary plan would implement cuts that would disproportionately hurt the poor, middle-income families, and senior citizens by drastically reducing key domestic programs such as Medicaid, college grants, job training programs and food stamps.
The equivalent stimulus could have been achieved at a much lower budgetary cost, both near and long term, by focusing tax cuts on lower-income households who are more likely to spend their gains.