David L. Boren Quotes

The county will fail if we enact this budget.

 
Context
The Clinton budget was a very unusual one. He and Treasury Sectary Robert Rubin determined that the large deficit built up in the previous administrations and the high interest rate were competing with the private sector for investment capital. Therefore the budget raised taxes and took other steps to reduce the largest deficit then in American History. Virtually all of the Republicans saw disaster for the economy with this budget and even some of the fiscal conservatives from Clinton’s own party were opposed. Boren, normally a wise and sound Senator, had bought into the Republican ideology and mantra that raising taxes will slow the economy. The budget passed by a single vote in the House, and that started the largest economic growth period in American History. The economy became so strong that Clinton was able to produce a balanced budget, eliminate the Reagan deficit, and produce more new jobs than any administration in American history. The prediction that the budget would cause the country to fail was, not only wrong, but the budget caused the nation to succeed, beyond what any thought possible. See {626774} for Clinton’s argument for the budget.
David L. Boren
David L. Boren
  • Born: April 21, 1941
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David Lyle Boren is an American university administrator and politician from the state of Oklahoma. A member of the Democratic Party, he served as the 21st governor of Oklahoma from 1975 to 1979 and three terms in the United States Senate from 1979 to 1994, and as of 2019, is the last Democrat to have served as a U.S. Senator from Oklahoma. He was the 13th president of the University of Oklahoma. He was the longest serving chairman of the Senate Select Committee on Intelligence. On September 20, 2017, Boren officially announced his retirement as president of the University of Oklahoma, effective June 30, 2018.

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