In 1995 President Clinton and Congressional Republicans fought a bitter battle over the new federal [[budget]]. Clinton vetoed the Republican's efforts to move toward a balanced budget, claiming that it cut social programs. Speaker Gingrich believed that Clinton would back down and approve the budget. If not, the entire government would shut down because of lack of funds. Clinton allowed just that, and by doing so gained political capital by successfully blaming that shut down on Republicans. Clinton always opposed a balanced budget until it was reality.<ref>[http://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget No, Bill Clinton Didn’t Balance the Budget,] By Stephen Moore, October 8, 1998. [[Cato Institute]].</ref> | In 1995 President Clinton and Congressional Republicans fought a bitter battle over the new federal [[budget]]. Clinton vetoed the Republican's efforts to move toward a balanced budget, claiming that it cut social programs. Speaker Gingrich believed that Clinton would back down and approve the budget. If not, the entire government would shut down because of lack of funds. Clinton allowed just that, and by doing so gained political capital by successfully blaming that shut down on Republicans. Clinton always opposed a balanced budget until it was reality.<ref>[http://www.cato.org/publications/commentary/no-bill-clinton-didnt-balance-budget No, Bill Clinton Didn’t Balance the Budget,] By Stephen Moore, October 8, 1998. [[Cato Institute]].</ref> |