{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='USA: WASHINGTON: CLINTON\u0026#39;S PLAN TO USE BUDGET SURPLUSES' data-url='/boclips/videos/5c54bb37d8eafeecae123686' data-video-url='/boclips/videos/5c54bb37d8eafeecae123686' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUSA: WASHINGTON: CLINTON\u0026#39;S PLAN TO USE BUDGET SURPLUSES\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eEnglish/NatU-S President Bill Clinton sent Congress a massive 1.77 (tr) trillion  U-S dollar spending plan today for 2000, beginning the new century with record budget surpluses.Clinton plans to use those budget surpluses to shore up...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eU-S President Bill Clinton sent Congress a massive 1.77 (tr) trillion  U-S dollar spending plan today for 2000, beginning the new century with record budget surpluses.\u003cbr/\u003eClinton plans to use those budget surpluses to shore up Social Security, as well as showering billions in new spending on a range of initiatives from child care to the Pentagon.\u003cbr/\u003eFrom middle-class families to the steel industry, U-S President Bill Clinton's new budget proposes three dozen tax relief measures that are tightly targeted to benefit specific groups.\u003cbr/\u003eBut there is no broad tax relief among the fiscal 2000 proposals, which total U-S 36.2 (b) billion dollars over five years. \u003cbr/\u003eThe release of Clinton's budget is the opening shot in what's expected to be a bitter struggle with the Republican-controlled Congress over government priorities.\u003cbr/\u003eWhile agreeing with Clinton's goal of strengthening Social Security, the GOP prefers using the bulk of the remaining federal surpluses for across-the-board tax cuts.\u003cbr/\u003eRepublicans accused Clinton of reverting to spendthrift liberal ways.\u003cbr/\u003eClinton, proclaiming his budget marks a \"new era of opportunity,\" proposes increasing spending for the fiscal year that begins next October 1 by 2.3 percent. \u003cbr/\u003eEven with the U-S 39 (b) billion dollars increase over the current year, Clinton's\u003cbr/\u003ebudget projects a record U-S 117 (b) billion dollars surplus, thanks to the booming economy.\u003cbr/\u003eClinton's plan forecasts U-S 2.41 (t) trillion dollars in surpluses over the next decade, laying out a vision  the country has not known in 70 years.\u003cbr/\u003eThe Great Depression, World War II and the Cold War put the United States into a rut of chronic budget deficits.\u003cbr/\u003eSOUNDBITE: (English) US President Bill Clinton\u003cbr/\u003e\"This is our budget for the year 2000. It is the first budget of the 21st century. It charts a progressive but prudent path to our future - a balanced budget that makes vital investments. Seven years ago when I ran for president, I committed to put our fiscal house in order. Irresponsible policies had quadrupled our national debt in the 12 previous years. The deficit was 290 billion dollars in 1992 alone. That brought us high interest rates, low growth and a government unable to meet its most basic obligations or to build our bridge to the 21st century.\" \u003cbr/\u003eSUPER CAPTION: US President Bill Clinton\u003cbr/\u003eSOUNDBITE: (English) US President Bill Clinton\u003cbr/\u003e\"Last year for the first time in three decades as all of you will know we had turned red ink to black with a 70 billion dollar surplus. It is projected to be only the first of many. As I said in the State of the Union, America is on course for surpluses over the next quarter century. And our estimates, optimistic as they sound, are more conservative than those of congress. Our economic house is in order and strong. If we manage the surplus right we can uphold our responsibility to future generations. We can do so by dedicating the lion's share of the surplus to saving social security and medicare and paying down the national debt.\"\u003cbr/\u003eSUPER CAPTION: US President Bill Clinton\u003cbr/\u003eRepublicans seek an across-the-board 10 percent cut in income tax rates, returning U-S 600 (b) billion dollars or more to taxpayers over the next decade. \u003cbr/\u003eThat, they say, is critical to keep the Democrats from creating new spending programs.\u003cbr/\u003eThe big fight will be over what to do with the bulk of the projected surpluses. \u003cbr/\u003eClinton wants to devote it to support Medicare, provide additional spending for the\u003cbr/\u003emilitary and domestic programs and set up new retirement accounts to funnel U-S 36 (b) billion dollars annually into individuals' savings.\u003cbr/\u003eClinton's proposals require approval by Congress, and it's unclear how eager the two sides will be to reach a compromise given the impeachment battle and a looming presidential campaign.\u003cbr/\u003e Washington DC - 1 February 1999 \u003cbr/\u003e1. Official vehicles driving by\u003cbr/\u003e2. Exterior view of Capitol, pan down to reporters waiting outside\u003cbr/\u003e3. Close-up rear of van with boxes being packed onto trolley\u003cbr/\u003e4. Mid shot of same\u003cbr/\u003e5. Man wheeling trolley\u003cbr/\u003e6. Woman holding 'Citizen's Guide to the Federal Budget'\u003cbr/\u003e7. SOUNDBITE: (English) US President, Bill Clinton\u003cbr/\u003e8. Cutaway\u003cbr/\u003e9. SOUNDBITE: (English) US President, Bill Clinton\u003cbr/\u003e10. Cutaway\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 stars\" role=\"img\"\u003e\u003ci class=\"fa-solid fa-star text-action\" aria-hidden=\"true\"\u003e\u003c/i\u003e\u003ci class=\"fa-solid fa-star 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1999\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003ci aria-hidden='true' class='fai fa-solid fa-language'\u003e\u003c/i\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eAudiences\u003c/dt\u003e\u003cdd\u003e\u003cspan\u003e\u003ca href=\"/search?audience_ids%5B%5D=371079\u0026amp;grade_ids%5B%5D=259\u0026amp;search_tab_id=1\"\u003eFor Teacher Use\u003c/a\u003e\u003c/span\u003e\u003c/dd\u003e\u003cdd class=\"text-muted\"\u003e\u003ci class=\"fa-solid fa-lock mr5\"\u003e\u003c/i\u003e2 more...\u003c/dd\u003e\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\n\u003c/dl\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='concepts-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='concepts-heading'\u003eConcepts\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list concepts' data-identifier='Boclips::VideoDecorator' data-type='concepts'\u003emedicare, surplus, bill clinton, business, north america\u003c/div\u003e\n\u003cdiv class='concepts-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' class='less btn-link' style='display: none;' type='button'\u003e\n\u003cspan\u003eShow Less\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-up ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='additional-tags-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='additional-tags-heading'\u003eAdditional Tags\u003c/h2\u003e\n\u003cdiv class='clearfix'\u003e\n\u003cdiv class='details-list keyterms' data-identifier='Boclips::VideoDecorator' data-type='keyterms'\u003e21st century, united states government, united states, government and politics, government business and finance, financial markets, budget, national governments, national budgets, government programs, government debt, share, national debt, debt and bond markets, year, government budgets, united states congress, district of columbia, government finance, government-funded health insurance, order, sovereign debt, future\u003c/div\u003e\n\u003cdiv class='keyterms-toggle-buttons' data-identifier='Boclips::VideoDecorator'\u003e\n\u003cbutton aria-expanded='false' class='more btn-link' type='button'\u003e\n\u003cspan\u003eShow More\u003c/span\u003e\n\u003ci aria-hidden='true' class='fa-solid fa-caret-down ml5'\u003e\u003c/i\u003e\n\u003c/button\u003e\n\u003cbutton aria-expanded='true' 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