[Weekly Compilation of Presidential Documents Volume 33, Number 25 (Monday, June 23, 1997)]
[Pages 903-908]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Remarks in Littleton, Colorado

June 19, 1997

    Thank you very much. First I want to thank Robert and Erica for 
reminding us of what we need to do to make sure all our children have 
the tools they need to succeed in this new global economy, and indeed, 
for reminding us about what most of our endeavors are about. I think 
they did a good job, don't you? Let's give them another hand. [Applause]
    Thank you, Kristy, for your very kind words and even more for the 
power of your example. And I want to thank my good friend, Mayor Webb, 
for being our host. He and Mrs. Webb have been good friends to Hillary 
and me over the years, and I'm thrilled to be in Denver. I thank my 
friend and former colleague, Governor Romer, and Mrs. Romer. Among other 
things, Governor Romer is recognized as the most important Governor in 
our country on the subject of education, which is something I want to 
talk to you about today, and I know you're proud of what he has done.
    I thank the host committee and the honorary chairs and vice chairs 
of the Denver Summit. I thank Representative Diana DeGette, who is doing 
a good job for you in Congress and came down with me today, City Council 
President Cathy Reynolds. I'd like to thank the National Digital TV 
Center and Leo Hindry and David Beddow who showed me around through this 
remarkable place.
    Some of you may know that I'm sort of a, to put it charitably, a 
movie freak. My wife used to say that I would watch anything that came 
on the screen if it started out, and it was obviously a movie. And 
inside I saw 35 movies being digitalized and sent out over various 
channels, and I almost didn't come out. But I couldn't bear to think of 
you going through this.
    I want to thank all the people here from the Curtis Community 
Project and the Mouse Campers, thank you for being here. I'd like to say 
a special word of thanks to a member of my Cabinet, your former mayor, 
Federico Pena, who just became a father for the third time just a couple 
of days ago. You know how much he loves Denver, and he thinks this is 
important, or he wouldn't he here, although he's here with permission, I 
might add.
    I want to thank the Director of Summit Affairs and the Executive 
Director of the Summit, Harold Ickes and Debbie Willhite, and their 
great team for what they have done. And again, Mr. Mayor and Governor, 
let me thank you for the incredible support that Denver and Colorado 
have given to the Summit of the Eight.
    I don't need to tell you why we really came here. Denver is a city 
that America can be proud of, a city bursting with the promise of the 
new century that is upon us, with the most educated people in America; a 
city that has increased its exports to the rest of the

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world 60 percent faster than the rest of our country in the last 5 
years; a community that, as has been said, once drew its wealth from 
mine shafts and factories and the land, now thriving on 
telecommunications, aerospace, banking, computer software, and the 
magnificence of its environment.
    Over a century ago, Walt Whitman wrote of the Colorado pioneers, 
``All the past we leave behind; we enter a newer, mightier world.'' 
Today, the men and women of Denver are cutting new paths. In this very 
building the product of our culture is transforming from analog to 
digital, from yesterday's technology to tomorrow's, beamed to satellites 
that gird the globe, seen by billions around the world.
    When the leaders of the world's leading industrial democracies 
arrive here for the Summit of the Eight, they will be struck not only by 
the breathtaking beauty of the Rockies but by the powerful optimism of a 
city both proud of its past and focused on the future.
    With our summit partners, we'll have an opportunity to cut a new 
path to that future, to work to deepen and extend the benefits of the 
global economy and protect people more against its down sides, to reach 
out to bring new partners into that economy, from Africa to all other 
parts of the world, to spread democracy and human rights around the 
world, and to meet new dangers of our common security that cross all 
national borders now: international crime and drug trafficking, 
terrorism and the spread of weapons of mass destruction, the emergence 
of infectious diseases that can sweep the globe, and environmental decay 
that embraces us all.
    We host our partners at a time when America's economy is the 
healthiest in a generation and the strongest in the world. Our economic 
success is a strategy that all of you have participated in. It is born 
of the dynamic center that has kept America moving forward for more than 
two centuries, a new American economic approach that required us to 
puncture myths and push past yesterday's stale debates, that enabled us 
to move earlier and more strongly than most other nations into the new 
global economy.
    In 1993 we put in place a new economic strategy designed to help 
America move from the industrial to the information age, to move into a 
new century and a new millennium with three very simple but profound 
goals in mind: to make sure the American dream is alive for all of our 
citizens, to make sure our American community is growing more united 
even as it becomes more diverse, to make sure America continues to lead 
the world for peace and freedom and prosperity.
    Our economic strategy had three elements: reduce the deficit, invest 
more in our people, open the world to our trade. We had to move past old 
ideas to embrace new thinking, to craft new approaches to achieve all 
three things.
    First, we had to go past the old idea that if you reduced the 
deficit, it would be good for the economy in the long run, but it would 
be sheer misery in the short run and bring on a recession. Well, in the 
last 4 years, the deficit is down 77 percent, from $290 billion to less 
than $70 billion. But instead of recession, our economy produced a 
record number of jobs in a 4-year term, over 11 million, and now we're 
over 12 million and still counting.
    Now we must decide to stay with that strategy, with a balanced 
budget that will help interest rates stay low, produce more capital for 
private business, and even greater confidence in the American economy. 
I'm pleased that our balanced budget agreement received overwhelming 
support from big majorities in both parties in both Houses of Congress, 
and I look forward to signing into law a balanced budget that is 
consistent with the agreement and our values before the year is over.
    Second, we had to go by the old thinking that a nation couldn't 
bring down the deficit and make its Government smaller while still 
investing more in its people, its future, and its environment, and that 
we could not bring down the deficit and give people the tools they need 
to succeed at work and at home and to maintain an adequate social safety 
net. But by spending less and spending smart, we were able to increase 
the productivity of our Government.
    We increased our investment in Head Start by 43 percent, spent 
nearly $1 billion more to provide children and their mothers with the 
nutrition they need so that all of

[[Page 905]]

our children will be able to learn when they enter school, set aside 
funds to help States reduce class size, began school-to-work programs in 
all 50 States so that we could work in partnership with business to help 
young high school graduates who don't go on to 4-year colleges keep 
learning and find good-paying jobs.
    We opened the doors to college wider than ever, with more 
scholarships, more work-study, more affordable college loans. We put 
more money into the National Institutes of Health to spur new medical 
discoveries and cures and invested more in research to keep our lead in 
communications and technology and environmental protection. And we did 
it and cut the deficit by 77 percent. It's not how much you cut but how 
you cut, not what you spend but where you spend it.
    Hundreds of Government programs, thousands of Government regulations 
have been eliminated, and so help me, not a single American citizen has 
come up to me and said, ``I just can't live without that program or that 
regulation you got rid of.'' The Government is 300,000 people smaller 
than it was the day I first took office. But because we had no mass lay-
offs and we worked with the Federal Employees Union in partnership, we 
have seen the productivity of Government go up, and the people have been 
able to go on to other productive careers. I'm proud of that and proud 
of our Federal workforce for making it possible.
    We have focused not on new guarantees but on giving people new tools 
to help families make the most of their God-given potential. And we have 
shown that you can give people more opportunity for economic security 
and still make the economy more flexible and more adaptable.
    People said that when we adopted the family leave law it would hurt 
the economy. But it didn't. They said that when we raised the minimum 
wage it would hurt the economy. But it didn't. They said when we passed 
the Kennedy-Kassebaum bill saying you couldn't lose your health 
insurance because someone in your family got sick or because you had to 
change jobs it would hurt the economy. But it didn't. We were able to 
provide greater access to health insurance for self-employed people, 
greater pension protection and availability, tax incentives for business 
to invest in high unemployment areas. It all helped the economy. If you 
help people succeed at home, they will be more productive at work, and 
the country will be stronger as a result.
    But we have to finish the job and balance the budget. The new 
balanced budget agreement continues the strategy of cut, invest, and 
grow. Its centerpiece is education and investment in people. It has the 
single largest increase in Federal support for education since the GI 
bill was passed 50 years ago.
    Its base is a national commitment that every 8-year-old ought to be 
able to read independently, every 12-year-old should be computer 
literate, every 18-year-old should be able to get at least 2 years of 
higher education, and every worker should be able to keep on learning 
for a lifetime.
    Our program includes the America Reads initiative. We're trying to 
mobilize a million volunteers to work with schools and parents all 
across America to make sure every child can read independently. And 
that's important in a country where we have so many children whose first 
language is not English. We owe it to them, and goodness knows we need 
every single one of them--their brains, their spirit, their energy, 
their self-confidence.
    Our technology literacy initiative will work with schools all over 
the country to hook up every classroom and library to the Internet by 
the year 2000. We owe it to our people to make sure that by the year 
2000, 2 years of college is just as universal as a high school diploma 
is today. And the tax incentives in our program will do that. We will 
open the doors of college to all Americans for the first time in the 
history of this country.
    We also have a proposal to put skill grants in the hands of people 
who are unemployed or underemployed so they can go to the nearest 
educational institution of their choice and get the education they need. 
And we recommend permanent tax deductions for employer contributions to 
the education of their employees. When a company goes out and invests 
its money to help their employees continue to be productive, and 
something that will benefit them whether they stay with that company or 
move to another one, they ought to be able to get a tax deduction for

[[Page 906]]

it. I hope you will support this entire educational initiative. It is 
good for America.
    The second thing we do is recognize our special obligation to help 
people move from welfare to work. We now require people to do so, if 
they're able-bodied, within a certain amount of time. But if you're 
going to require them to do so, you have to protect the children, pay 
for child care, make sure the jobs are there when the welfare runs out. 
And that is in our budget, and we are committed to passing it.
    The third thing we've agreed on is a tax cut designed to grow the 
economy, help people get an education, and give middle class families 
tax relief. We can do a lot of things in that tax cut, and I hope we 
will. When I became President, for example--we talk about the new 
economy--there were 3 million people making a living out of their homes. 
Today there are over 12 million. Within 5 years, there will be 30 
million. We ought to have an adequate home office deduction for those 
people. We ought to have the kind of small business credits that will 
enable them to continue to expand.
    I don't know what the final shape of the capital gains cuts will be, 
but I believe we ought to give more benefits for people who start small 
business, capitalize them, and then stay with them for 5 or 10 years, 
and create jobs and do the kind of things that you heard Kristy talking 
about today. That's what I think we ought to do to benefit people with 
that tax--[applause].
    Now, all the countries in the world face the same choices we do. 
They're having to decide, can they reduce their deficit and still invest 
in their people, can they target people programs, can they maintain a 
social safety net? And to be fair, a lot of countries have more generous 
benefits for child care than we do. They cover all their children with 
health care, and we're going to cover half of those without insurance in 
this budget agreement. And I won't rest until we finish the job. They do 
more than that. Can they still grow their economy and reduce spending? 
You bet they can. Every single country can have the same impact, but you 
have to be willing to break through those old myths and old ideas and 
engage people in a committed process to get to a common goal.
    The third thing we had to do that we still are fighting is to reject 
the false choice between protectionism, on the one hand, and unlimited 
free trade opening our markets with nothing in return on the other. 
Protectionism is simply not an option because globalization is 
irreversible. If we try to close up our economy, we will only hurt 
ourselves. We have too much to gain from opening markets, and besides, 
we know we can out-work and out-compete anyone, especially if we 
maintain our technological edge and educate all our people.
    So what are we going to do? Are we going to take the lead, or wait 
for others to blaze the path and get the primary benefits? We have 
decided for the last 4 years to take the lead. But we have to decide 
now, are we going to do more or less to cushion the negative effects of 
globalization while still opening markets? Are we going to do more or 
less in trying to push in new areas where other countries are more 
protectionist than we? Or are we just going to sit around and try to 
close up our markets?
    It seems to me difficult to imagine that this is even a serious 
debate now. In the last 4\1/2\ years, we have become the world's leading 
exporter. In the last 2 years, over half the new jobs coming into this 
economy have paid above average wage. And we have the lowest 
unemployment rate in 24 years. Who could seriously argue that our effort 
to open markets with 200 trade agreements, the largest number in any 
period in American history, is ill-advised? I say we should be doing 
more of it, not less of it. We ought to bear down and charge into the 
future and embrace the rest of the world.
    Do the agreements need to be fair? Do they have to be enforced? 
Should we be willing to take action if people take advantage of us and 
don't honor their agreements? You bet. Should we continue to invest in 
the mobility and skills of those who might be displaced by trade? 
Absolutely. But should we just turn away from this? No way.
    You know that we have to do these things. I also hope you know that 
we can grow in a way that enhances, not undermines, the global 
environment. We can grow in a way that strengthens, not weakens, global 
cooperation for the advancement of people's

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welfare everywhere, as well as dealing with the common security threats 
I mentioned a moment ago.
    We have chosen to reach outward, not to be afraid of competition, to 
embrace the possibilities of the global economy, and to work to make 
sure it works for ordinary American citizens.
    Let me just give you one statistic to prove we don't have an option. 
We are now slightly less than 5 percent \1\ of the world's population, 
but we have slightly more than 20 percent of the world's wealth and 
income. There is no way to sustain that unless we sell more to the other 
95 percent. This is not a matter requiring Einstein to calculate. We 
cannot afford not to keep reaching out to the rest of the world, and I 
intend to do it.
    \1\ White House correction.
    Just this morning, we reached agreement with Japan on a process to 
open their markets to competitive American products like 
telecommunications and medical equipment as they deregulate at home. 
Unless you think that will not come to pass, let me say that in the 20 
areas where we have specific trade agreements with Japan, American 
exports have increased over 85 percent in the last 4 years. We can move 
this process forward and we have to.
    Today, Colorado has 132,000 jobs tied directly to trade--132,000. 
Almost without exception, they are the good jobs, the high paying jobs 
that we want to create more of. We must do more of this, not less.
    So let me say to all of you, the success of this strategy that we 
have done together--and it wasn't just what the Government did. The 
lion's share of the credit goes to the businesses and the working 
people, to those people who were finding the new technologies, who were 
applying them, who were pushing the barriers of entrepreneurialism, to 
the Americans' willingness to take a risk and take a chance and to go 
out there and compete. We have to give credit to a Federal Reserve 
policy that supported both growth and low inflation. But if we had not 
reduced the deficit, expanded trade, and invested in our people, it 
would not have provided the glue to hold the whole policy together. We 
need to keep doing this.
    America has the lowest unemployment rate in 24 years, the lowest 
inflation rate in 30 years, the biggest decline in inequality among 
working families in over 30 years. We are moving in the right direction. 
In the weeks and months ahead, we have to finish the job. We've got to 
balance the budget. We have to give--I believe strongly--we have to 
persuade the Congress to give the President fast track authority. Every 
President has had it for the last 23 years. That's a term of art for 
saying, I can go and negotiate a trade agreement with Chile or with 
Argentina or with Brazil and bring it back to Congress, and they have to 
vote it up or down, instead of subjecting it to 50,000 amendments, which 
will undermine the agreement. This is very important, and we have 
nothing to fear from those countries. They are our partners in 
democracy. They are our partners in opportunity.
    The second thing I believe we should do is to maintain our normal 
trade relations with China. We should not attenuate normal trade 
relations with a country just because we disagree with it. We should 
find ways to honestly articulate our disagreements. We should push our 
ideas forward, but we shouldn't imperil 170,000 American jobs today and 
a big chunk of America's future, not just our economic future but our 
ability to work with the largest country in the world in areas from arms 
control to making peace in Asia to dealing with problems all around the 
world that we share, like terrorism, by cutting off normal trading 
relations. We don't do it to other countries with which we disagree; we 
should not do it with China.
    Lastly, let me say that we are uniquely placed to succeed in the 
global economy in the information age because our ideas and our ideals 
are being embraced by so many. We were the birthplace of the Internet, 
the biggest change in communications since the printing press. Our 
movies and music, our TV programming and software programs animate the 
lives of people all around the world--witness what goes on in the 
building behind me.
    Much of the science and technology shaping the future is made in 
America. Perhaps most important, we are the most diverse large democracy 
in the world. There is some

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body here from everywhere. Five of our school districts already have 
children from over a hundred different racial and ethnic groups. Within 
2 years there will be 12. Within 3 years, our largest State, California, 
will have no majority race. We've got to learn to live together and work 
together, which is why I've announced this big initiative on race, and I 
hope you will all support it. But you have to understand, there's not 
just a down side here; there is a huge up side. If we're in a global 
economy, who will do best? The nation that has the globe living inside 
its borders. That's what America has, and we ought to be proud of it, 
lift it up, and make the most of it.
    And so, my fellow Americans, that's our strategy, balancing the 
budget, investing in people, making the global economy work for us. 
That's the strategy we want everyone to embrace. We do not feel 
threatened by other people's success; their success is ours. And that's 
what we're going to work on here. Thanks for giving us a chance to do 
it.
    Thank you, and God bless you.

Note: The President spoke at 2 p.m. at the National Digital Television 
Center. In his remarks, he referred to Robert Pinkney and Erica Gadison, 
students, Curtis Park Technology Center, who introduced the President; 
and Kristy Schloos, chief executive, Schloos Environmental Consulting; 
Mayor Wellington Webb of Denver, and his wife, Wilma; Gov. Roy Romer of 
Colorado, and his wife, Bea; and Leo J. Hindry, president, Tele-
Communications, Inc., and David Beddow, senior vice president, TCI 
Technology Ventures Inc.