{"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: PRESIDENT CLINTON BUDGET SURPLUS SPEECH' data-url='/boclips/videos/5c54c2acd8eafeecae15b785' data-video-url='/boclips/videos/5c54c2acd8eafeecae15b785' 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: PRESIDENT CLINTON BUDGET SURPLUS SPEECH\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/Nat Both President Bill Clinton and congressional Republicans are claiming credit for the first U-S budget surplus since 1969.Now, they have to figure out what to do with the extra 70 (b) billion U-S  dollars.Both sides say they...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat \u003cbr/\u003eBoth President Bill Clinton and congressional Republicans are claiming credit for the first U-S budget surplus since 1969.\u003cbr/\u003eNow, they have to figure out what to do with the extra 70 (b) billion U-S  dollars.\u003cbr/\u003eBoth sides say they want to save the pension for the elderly, known as Social Security.\u003cbr/\u003eThe U-S is celebrating the end of three decades of red ink.\u003cbr/\u003eOn Wednesday President Bill Clinton unveiled an electronic display ticking off the extra cash flowing into federal coffers.\u003cbr/\u003eThe White House estimates that when all the cash is counted, the surplus for the fiscal year ending Wednesday night, will be in the tens of (b) billions of dollars.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Tonight at midnight, America puts an end to three decades of deficits and launches a new era of balanced budgets and surpluses. While the numbers will not be official until the end of the month, we expect the 1998 surplus to be about 70 (b) billion dollars (U-S). \"\u003cbr/\u003eSUPER CAPTION: Bill Clinton, President of the United States\u003cbr/\u003eThe President said the payoff was a result of touch choices and fiscal discipline.\u003cbr/\u003eBut the need for discipline is far from over.\u003cbr/\u003eClinton said the government must resist the temptation to spend the extra cash on tax cuts.\u003cbr/\u003eSaving the financial safety net for the elderly, Social Security, must come first.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"And if we squander this surplus and start spending a little here, a little there, a little yonder on the tax cuts, just because we are a few weeks before an election, before we do this, what are we going to do when times get tough and we still have to take care of it?\"\u003cbr/\u003eSUPER CAPTION: Bill Clinton, President of the United States\u003cbr/\u003eThe President however, wasn't the only one claiming credit for the turn around.\u003cbr/\u003eRepublicans had their own surplus sign, and their own way of looking at things.\u003cbr/\u003eSenate Budget Committee chairman Pete Domenici says the credit belongs to the American people, the Federal Reserve Board and Congress -- as well as the White House.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I believe it's very, very important that the American people know that we (Congress) forced some changes around here that really brought us to where we are. And, I have to say, led by the Republican Congress we entered into an agreement with this president and he should share part of that credit. Clearly, we deserve our share. Without that, nothing would have happened.\"\u003cbr/\u003eSUPER CAPTION: Senator Pete Domenici, Republican, Chairman of Senate Budget Committee\u003cbr/\u003eNow, the battle is on over what to do with some of the surplus.\u003cbr/\u003eSome Republicans are proposing a tax cut, while President Clinton is asking for spending increases.\u003cbr/\u003eRepublican Senator Phil Gramm, says both of those options would take money away from social security coffers.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I don't see how the president with a straight face can say, 'Don't spend the social security surplus by giving tax cuts', and then turn around and support spending 20 (b) billion dollars of it on government programmes.  It seems to me that if you want to save social security, and use the surplus for that purpose, you've got to oppose both the tax cuts and the spending increases. And the president has changed his position.\"\u003cbr/\u003eSUPER CAPTION: Senator Phil Gramm, Republican, Texas\u003cbr/\u003eThe surplus announced on Wednesday is an estimate - it won't be final until mid-October.\u003cbr/\u003eWhatever the final tally, it'll be the government's first black ink in almost 30 years, providing a political boost to both parties in upcoming Congressional elections.\u003cbr/\u003e Washington, D.C., USA - September 30, 1998 \u003cbr/\u003ePool\u003cbr/\u003e1. Side view of Clinton walking to podium.\u003cbr/\u003e2. Wide shot Clinton at podium.\u003cbr/\u003e3. Close-up of surplus sign.\u003cbr/\u003e4. SOUNDBITE: (English) Bill Clinton, President of the United States.\u003cbr/\u003e5. Wide shot of Democrats in audience.\u003cbr/\u003e6. Close-up Vice President Al Gore.\u003cbr/\u003e7. SOUNDBITE: (English) Bill Clinton, President of the United States.\u003cbr/\u003e8. Wide shot Clinton with surplus sign behind him.\u003cbr/\u003e9.  Senator Pete Domenici changes deficit sign to surplus.\u003cbr/\u003e10. Wide Domenici joins other Republicans at podium.\u003cbr/\u003e11. SOUNDBITE: (English) Senator Pete Domenici, Republican, Chairman of the Senate Budget Committee.\u003cbr/\u003e12. Cutaway.\u003cbr/\u003e13. SOUNDBITE: (English) Senator Phil Gramm, Republican, Texas.\u003cbr/\u003e14. 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class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eDate\u003c/dt\u003e\n\u003cdd\u003e1998\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'\u003ebill clinton, surplus, north america, business\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' 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