[Weekly Compilation of Presidential Documents Volume 29, Number 12 (Monday, March 29, 1993)]
[Pages 464-465]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Radio Address on the Economic Plan

 March 20, 1993

    Good morning. Today I want to give you a progress report on our 
plans to get the country moving again. With the support of so many 
Americans, including many of you listening today, we won an important 
victory on Capitol Hill this week. The House of Representatives approved 
the economic package and with it an immediate crucial investment program 
to create jobs that will be like a booster rocket for our economy.
    It was a week that reaffirmed why I came to Washington: to deliver 
the kind of change you demanded when you cast your ballots last 
November. It's significant, I think, that I can bring you this news on 
the first day of spring. It may be gloomy or even cold where you are 
right now, but the signs of the season are unmistakable. In Washington 
the snow is melting, trees are budding, and outside the window of the 
Oval Office birds are announcing their return. And there's something 
else in the air. Exactly 2 months ago at my Inauguration as your 
President, I said that together we could force a season of growth and 
renewal. I'm happy to tell you today that we're on our way to that kind 
of spring, too.
    We thank all the Congressmen and Congresswomen who carried the day 
for all of us. But mostly the credit goes to you, the American people, 
because after all, you issued the challenge and demanded the change. 
Your message was loud and clear. You said no more status quo. And that 
message must continue to ring in the ears of all our lawmakers. It 
should drown out the drone of special interests who would decimate the 
plan bit by bit until we're back to where we began.
    I know you don't want that. You didn't vote for half measures or 
excuses or business as usual. Because you demanded change, we've begun 
to turn our back on the long winter of trickle-down economics, moving 
toward investing in people and their jobs and education and health care 
and in the future. The price of doing nothing is too high. You've 
already seen what more than a decade of neglect can do. We're losing our 
competitive edge in the world. At home, our highways and mass transit 
systems were falling into disrepair; cities deteriorating; rural areas 
suffering; and most important, families, especially middle income 
families, were feeling enormous strains.
    On all these fronts there is ground to be regained and advances to 
be made. Every part of our program is aimed at making lives better 
across the Nation. And it does it with investments paid for dollar by 
dollar by cuts in spending.
    With our plan, we'll build up our job base. Small businesses, the 
source of more than half the jobs held by Americans, will get the help 
with freer access to credit, with invest- 

[[Page 465]]

ment tax credits and urban enterprise zones and special capital gains 
for new enterprises. At the same time, we'll invest more in research and 
development for new technologies and to convert defense technology. And 
that will help us stay competitive globally. With our investment in 
lifelong learning, we'll give Americans the tools they need to stay 
sharp in the changing job market.
    Our plan takes care of our children, too. We want to immunize every 
child against infectious diseases, to get them off on the right foot 
with Head Start, to help mothers and infants to get the nutrition they 
need. It's the smart thing to do and the right investment to make. Every 
dollar we invest today will give us back many more dollars tomorrow. 
Just yesterday I saw what investments in children can bring. I was in 
Atlanta where parents, teachers, and business leaders have joined forces 
to create a Downtown Child Development Center. In every direction I 
looked, I saw small faces with big smiles. It's a nurturing environment 
that produces happy kids, productive parents, and satisfied employers. 
In many ways, it's a microcosm of what we want for America.
    Our economic recovery package may be the boldest economic plan that 
Congress has ever seen. In addition to the investments, the plan passed 
by the House will reduce the Federal deficit by $510 billion in the next 
5 years. If we can make these changes, our children will live better, 
more prosperous lives.
    Make no mistake about it, this is a bold plan, because we need bold 
change. You know it; that's what you asked for. The American people are, 
by their very nature, people of action. It's been very frustrating to 
have more than a decade of policies that run up the deficit and ran down 
morale and investment. And it's been more frustrating still to see 
Government in gridlock where nothing profoundly important ever happens.
    Our plan to cut spending and increase investment in the future of 
our country is now being considered in the United States Senate. In 
Washington, your voices are being heard, so I urge you to raise them. We 
need to enlist the Senators now in our cause to break gridlock and get 
the economy moving. Please encourage your Senators to support the 
economic plan, to create jobs and boost incomes and reduce our national 
debt.
    The sooner our plan becomes a reality, the sooner we'll be shifting 
the gears of our economy out of neutral and into drive. You're in the 
driver's seat now. I urge you, make sure your foot's off the brake, step 
on the accelerator, and help move this country forward.
    Thanks for listening.

Note: The President spoke at 10:10 a.m. from the Oval Office at the 
White House.