- The Washington Times - Thursday, May 8, 2003

   Massachusetts Sen. John Kerry was rather slippery on the “Imus in the Morning” radio show Monday, where he rewrote history — not long after his presidential campaign had accused Vermont Gov. Howard Dean of “pathological recklessness with the facts.”
   To hear Mr. Kerry tell it, in 1993 Bill Clinton inherited a lousy economy. Without the benefit of a single Republican vote, Mr. Kerry’s fairy tale continued, Mr. Clinton’s deficit-reduction plan, which congressional Democrats passed in the summer of 1993, singlehandedly destroyed the deficit monster.
   Regarding the condition of the economy President George H.W. Bush bequeathed to Mr. Clinton: The growth rate of economic output exceeded 4 percent during 1992, measured on a fourth-quarter-over-fourth-quarter basis. That rate substantially surpassed the average annual rate of 2.9 percent achieved during the first three years of the Clinton administration.
   If Mr. Clinton’s 1993 tax increase and defense evisceration were responsible for eliminating the deficit, it was news to the Clinton White House. Mr. Clinton’s fiscal 1996 budget, released shortly after Republicans took control of Congress following the 1994 election, projected the following annual budget deficits: $197 billion (1996), $213 billion (1997), $196 billion (1998), $197 billion (1999) and $194 billion (2000). That’s a cool trillion dollars over five years. During the ensuing 1995 budget battle, Mr. Clinton submitted a 10-year “balanced-budget plan,” which, according to calculations by the Congressional Budget Office, generated a deficit of $209 billion in year 10 and cumulative deficits exceeding $2 trillion over the decade.
   As history records, it wasn’t until the Republican Congress forced the president’s hand that a credible path to a balanced budget was ultimately achieved. No amount of puffing from Mr. Kerry can change this fact.
   Speaking of Mr. Kerry’s misremembrances, one must note how silent he was during the recent Democratic presidential debate regarding his signature issue of eliminating double taxation of dividends. In a Dec. 3, 2002, speech in Cleveland, five weeks before President Bush proposed it, Mr. Kerry called for “ending the double taxation of dividends.” Since then, he’s been too busy engaging in class warfare to lend bipartisan support for this worthwhile goal he once so proudly espoused. As he demonstrated to “the I-Man’s” millions of listeners, Mr. Kerry isn’t even worthy of his own convictions.

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