{"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: US BUDGET SURPLUS PLANS OUTLINED' data-url='/boclips/videos/5c54c587d8eafeecae170df5' data-video-url='/boclips/videos/5c54c587d8eafeecae170df5' 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: US BUDGET SURPLUS PLANS OUTLINED\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/NatThe Clinton administration is projecting a big U-S budget surplus, and the president has even bigger plans for using it.New White House estimates show budget surpluses over the next 15 years will be one trillion dollars...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eEnglish/Nat\u003cbr/\u003eThe Clinton administration is projecting a big U-S budget surplus, and the president has even bigger plans for using it.\u003cbr/\u003eNew White House estimates show budget surpluses over the next 15 years will be one trillion dollars greater than predicted.\u003cbr/\u003eClinton wants to use the money to improve Social Security and Medicare, as well as spending it on defence, the environment and child care.\u003cbr/\u003eBut there is no new proposal for any major tax cuts.\u003cbr/\u003eNew White House projections indicate that budget surpluses will be more than one trillion dollars over the next 15 years than previously anticipated.\u003cbr/\u003eOn Monday, Clinton unveiled his plans for using the extra money.\u003cbr/\u003eHe proposed an increase in support for Social Security and Medicare at a news conference outside the White House. \u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"Fiscal discipline has widened opportunity and created hope for all working people in our country. Now we have a chance to do even more. To use the fruits of our prosperity today, to strengthen our prospects for tomorrow. Indeed for tomorrow, well into the 21st century.\"\u003cbr/\u003eSUPER CAPTION: U-S President Bill Clinton\u003cbr/\u003eClinton outlined a proposal to allocate 794 (b) billion dollars over the next fifteen years to strengthening Medicare, including the provision of new prescription drug benefits for the elderly. \u003cbr/\u003eMedicare is the nation's health care programme for senior citizens.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"The steps I will purpose to use the surplus will increase Medicare's solvency for at least 25 years. By taking additional measures to increase competition, combat fraud and reduce cost, we can provide a new prescription drug benefit and still pay down our national debt.\"\u003cbr/\u003eSUPER CAPTION: U.S. President Bill Clinton\u003cbr/\u003eClinton also wants to set aside an additional 543 (b) billion dollars over the next 15 years to strengthen the massive pension programme for the elderly and disabled.\u003cbr/\u003eHe claims this will assure Social Security's solvency until 2053.\u003cbr/\u003eFurthermore, the U-S president wishes to wipe out part of the national debt.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"We have now cut up Washington's credit card. Now we can pay off the debt. By 2015, this country can be entirely out of debt. This is a remarkable milestone, but it is clearly within reach if we do not squander the surplus by choosing short term gain over long term national goals.\"\u003cbr/\u003eSUPER CAPTION: U.S. President Bill Clinton\u003cbr/\u003eRepublicans will probably criticise the Clinton plan for what it excludes, namely no major tax cuts.\u003cbr/\u003eClinton did not rule out considering deeper tax reductions during discussions to be held with congressional Republicans later this year.\u003cbr/\u003eSOUNDBITE: (English)\u003cbr/\u003e\"I think we should achieve these objectives. Within the framework of achieving these objectives, obviously I'll be working with the Congress to achieve them. Thank you.\"\u003cbr/\u003eSUPER CAPTION: U.S. President Bill Clinton\u003cbr/\u003eAfter the press conference, Clinton, the U-S First Lady, and their daughter, Chelsea, departed  for political fund-raisers in New York and Connecticut.\u003cbr/\u003eWashington, D.C, USA,  28 June 1999 \u003cbr/\u003e1. US President Bill Clinton and his Chief of Staff John Podesta exit White House\u003cbr/\u003e2. Wide shot of Clinton walking to podium\u003cbr/\u003e3. Cutaway of reporters\u003cbr/\u003e4. SOUNDBITE: (English) U.S President Bill Clinton\u003cbr/\u003e5. Wide shot of Clinton at podium, surrounded by his economic team\u003cbr/\u003e6. Close-up of Treasury Secretary Robert Rubin\u003cbr/\u003e7. SOUNDBITE: (English) U.S President Bill Clinton\u003cbr/\u003e8. Wide shot of Clinton\u003cbr/\u003e9. Close-up of Podesta and Gene Sperling, economic adviser\u003cbr/\u003e10. SOUNDBITE: (English) U.S President Bill Clinton\u003cbr/\u003e11. Wide shot of Clinton and his team\u003cbr/\u003e12. Close-up of Joe Lockhart, White House Press Secretary\u003cbr/\u003e13. SOUNDBITE: (English) U.S President Bill Clinton\u003cbr/\u003e14. Cutaway of cameras\u003cbr/\u003e15. Clinton and Hillary and Chelsea Clinton walk to Marine One\u003cbr/\u003e16. Close-up of helicopter blades\u003cbr/\u003e17. Marine One takes off\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 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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'\u003enorth america, business, debt, surplus, bill clinton, medicare, work\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'\u003enational debt, government finance, objectives, chelsea clinton, sovereign debt, government-funded health insurance, john podesta, robert rubin, debt and bond markets, provide, government budgets, national budgets, created hope, joe lockhart, country, government debt, national governments, working people, government programs, gene sperling, tomorrow, government business and finance, achieve, financial markets, working, united states, government and politics, seniors\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 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