[Weekly Compilation of Presidential Documents Volume 30, Number 4 (Monday, January 31, 1994)]
[Pages 139-141]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
The President's Radio Address

January 22, 1994

    Good morning. This week we saw how events beyond our control can 
test the courage and fortitude of our people.
    For many in the eastern half of our Nation, life is beginning to 
return to normal after the harshest stretch of winter in memory. And in 
southern California, there was another kind of disaster. I went to Los 
Angeles and saw the devastation that can occur in just a matter of 
moments in an earthquake. Freeways were crumbled, homes were destroyed, 
lives were shattered.
    But even in this kind of adversity, or maybe even because of it, our 
people have become more determined. We've seen neighbor helping neighbor 
and total strangers performing acts of quiet heroism. In addition to 
Federal funds we've pledged, our recovery efforts are being coordinated 
on the site by the head of the Federal Emergency Management Agency James 
Lee Witt and HUD Secretary Henry Cisneros, who are looking for more ways 
to help the quake's victims.
    Los Angeles will come back. Together, with the people of Los 
Angeles, we'll help to make that happen. That's the American way. At 
every crucial moment in our history, our people have somehow found the 
courage, the will, and the way to come together in the face of a 
challenge and to meet it head on. For the last year, we've been doing 
just that here in Washington.
    It was one year ago this week that I took office as your President. 
The challenges before us were many. We faced a debt that has been 
mortgaging our future; we were burdened by the cynicism created when 
Government does wrong by people who do right.
    For two decades, the middle class had been working longer and harder 
just to hold its ground with stagnant wages. Seemingly secure jobs were 
lost and, along with declining wages, people lost the security of stable 
and reliable health insurance.
    Well, after one year, the challenges aren't gone, but together we 
are surmounting many of them. We've moved to offer opportunity, 
challenge our people to assume more respon- 

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sibility, and restore a sense of community to our land.
    We built the foundation for a lasting economic recovery. We've 
broken gridlock and made Government an instrument of our common purpose 
as a people. And from meetings in Moscow to promote democracy to 
meetings in Tokyo to revive the world economy, our seriousness of 
purpose is winning respect around the world and getting results.
    Here at home we've transformed America's agenda, addressing problems 
long deferred or denied. Now the debate is not over whether to provide 
health security but how and how quickly, not whether to reform welfare 
but how, not whether to make well-intentioned but ultimately futile 
efforts to protect American workers from economic change but how to give 
them the tools and the skills to make those changes their friend. At 
long last, we're addressing our challenges with clarity and confidence 
instead of running away from them.
    We built the foundations for a real recovery that will endure and 
enrich the lives of all our people. Of course, the recovery is not yet 
complete. Many Americans haven't felt it yet, and our work can't be done 
until every American has the security to embrace the future without 
fear. We do have a long way to go. But clearly, we've turned the corner, 
and we're moving in the right direction.
    We passed an economic plan that reflects our new approach: doing 
more with less, cutting Government spending that doesn't work, and 
investing in people and in what does work. Our plan will reduce the 
deficit by $500 billion over 5 years, cutting $255 billion in spending.
    Before our plan passed, the deficit for next year alone was 
projected at $300 billion. That's $300 billion. But I've just learned 
from our Director of the Office of Management and Budget Leon Panetta 
that the deficit projection for next fiscal year is now under $180 
billion, over $120 billion less, thanks to the enactment of the economic 
plan. That's lower even than our initial projections.
    The fact is, if we stay on this plan, we will have cut the deficit 
in half as a percentage of our national income by 1996. But we must pass 
health care reform if we're going to keep the deficit going downward for 
the long haul and eventually bring the budget into balance.
    Slowly but surely, our economic plan is creating new opportunity and 
providing new security for middle class families. Today more of these 
families are buying cars and homes or refinancing their mortgages 
because deficit reduction has helped to push interest rates to record 
lows.
    In our steady aim to create jobs and increase incomes, we've 
provided bold new initiatives for small businesses, encouraging growth 
in an important source of new jobs. Last year alone the private economy 
created 1.6 million new jobs, 1\1/2\ times as many as in the previous 4 
years. We've reinforced these gains by passing NAFTA, by lifting export 
controls, by tearing down barriers to trade. All of these will translate 
into more jobs.
    With the family and medical leave law, we've allowed Americans the 
freedom to take care of a sick loved one or a newborn without worrying 
that they'll lose their jobs for doing so. This is an important thing 
because restoring our social fabric is critical. And providing the 
opportunity for work, protecting the worker, and helping to keep 
families and communities together are crucial elements in achieving that 
social fabric. And so is protecting our citizens' safety on the streets, 
in homes, and in our schools. That's why we enacted the Brady bill, to 
put common sense into gun selling, and why when Congress returns next 
week, I will ask them to quickly pass the crime bill and send it to me 
for signing.
    Step by step, we are reviving our economy, renewing our sense of 
common community, and restoring our people's confidence that our Nation 
can be strong at home and abroad and our Government can work for the 
benefit of ordinary Americans.
    Yes, we've done a lot, but we have so much more to do.
    As we enter this second year of taking on these challenges together, 
we know this: What's important is not just how many programs we pass but 
how many lives we improve. What's important is not just what we do for 
people but also what we can help our people to do for themselves. 
Ultimately, that will be the measure of our success.

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    Thanks for listening.

Note: The address was recorded at 6 p.m. on January 21 in the East Room 
for broadcast at 10:06 a.m. on January 22.