Clinton On '60 Minutes': Tax Cut Is Bad Economics

katv.com ^ | March 9, 2003 | AP

[Nachum]

New York (AP) - Former President Clinton, in his first televised mini- debate with Republican Bob Dole on Sunday, said that a tax cut at a time that war is looming in Iraq is "bad economics."

Dole, Clinton's opponent in the 1996 presidential election, said the Bush administration has launched a global war to protect the American way of life, "which means, among other things, the freedom to save or invest our own money."

The retired politicians have agreed to revive the "Point-Counterpoint" segment on "60 Minutes," television's most popular newsmagazine.

In the two-minute debate, the two will face off on a subject of their own choosing. Sunday's segment was the first, and Clinton chose to talk about is successor's proposed tax cut; Dole gets to choose the next segment.

Clinton said a conflict with Iraq and the subsequent rebuilding will cost many billions of dollars when the country is at a deficit.

"Now when we're cutting back on everything from homeland security to education and with Iraq still to pay for, your party wants another big tax cut," Clinton said. "Never before have we had a big tax cut in times of national crisis. Lincoln didn't. FDR didn't. With over 200,000 young Americans in the Persian Gulf, we shouldn't. It's wrong and it's bad economics."

Dole responded that it didn't have to be one or the other.

"For President Bush to practice the economics of "either/or" would not only invite political attack from your friends who want his job, it would risk winning the battle and losing the war," the former Senate majority leader said.

After their initial 45-second segments, both politicians were given 15 more seconds to make another point.

"Leadership is about choosing," Clinton said. "So let's give up our tax cut."

No way, said Dole, arguing that many of the nation's economic problems could be traced to an economic hangover from the roaring '90s.

"The Bush tax cut has barely kicked in," Dole said. "But I'll tell you what. I'll gladly donate my tax cut to a worthy charity, if you will. Maybe even to the Clinton library."

[henderson field]

What would a socialist know about the capitalist economy?

[Brimack34]

If Clintoon would have cared about America we would not be in this mess!!! Tax cuts would have helped in the gogo 90's. If all the gov's and the pres. cut taxes instead of spending.

[Lijahsbubbe]

Bob Dole went from viagra spots to Clinton. Hmmm.

[austinTparty]

LOL! I would have loved to hear Bob tell the whole SNL spiel to the "real" Clinton...

[Dan(9698)]

>>>...How much does Dole get?

A year's supply of Viagra.

[Dan(9698)]

Undo tag</i>

[F16Fighter]

The Bush tax cut has barely kicked in," Dole said. "But I'll tell you what. I'll gladly donate my tax cut to a worthy charity, if you will. Maybe even to the Clinton library."

Hey Bob, don't even kid about a thing like that. Some of us might be convinced the Viagra has cut off the entire blood supply to your brain (in leiu of other places.)

[DoughtyOne]

 Now this pathetic excuse for a human is going to be paid big bucks for commentary.

 I've got some commentary for ya!

[DoughtyOne]

If they surrounded these two men with nude women and ten million dollars in cash, I still wouldn't watch. If they gave me the money I wouldn't watch. If they gave me the women... now wait just a minute here!!!

Nope, still wouldn't watch. My wife would make sure of that. ;)

[alaskanfan]

"Leadership is about choosing," Clinton said. "So let's give up our tax cut."

Spoken like a true liberal. He has never met a tax he didn't like.

I actually heard one of the talking heads on CNN state that the economic boom during the Clinton years was because of the largest tax increase in U.S. history that Clinton had signed.

[oldironsides]

Only CBS would pay a disbarred lawyer for his opinion. Disgusting as he**. Clinton Bull **** network. There used to be shame over a legacy like he left for GW Bush. This idiot thinks anyone cares. We still get nauseous looking at that creep.

[suzyq5558]

Im a woman and im with you on this one doughty one:)
why oh why oh why do those evil polluters of our country continue to be crammed down our throats?
I do not watch any news channels anymore cept for fox and sometimes they really bug me.
Do you really think people tuned in to watch this spectacle?? you know i sure hope not.

[Kay Soze]

Same guy that said it would be a bad idea to bring in Osama Bin Laden when Osama was twice offered by Yemen.


Same guy that built the North Korean Nuclear Reactor.

Same man that cannot define the word "is".

[Varmint Al]

When IMPOTUS came on, I muted the sound. Then I couldn't stand the picture, so I changed channels. I got back in time to hear Dole's finish. I don't even want to be reminded about how inept, corrupt, despicable a president we did have. When you see puke in the toilet bowl, it is best to flush it and forget it.

[lawnguy]

I appreciate those of you who watched this crap to report on it for us. Talk about above and beyond the call of duty!! You should get hazard pay for having to listen to that bilge.

[Mad_Tom_Rackham]

The only thing I would be interested in hearing about regarding the bent one is his indictment for Treason and War Crimes, or his obit.

[Waco]

The klink library is not a worthy charity. (Even if people are lined up half way to Hong Kong to get in to visit.) Idiots. They'll drown. Typical Klink Ga-Ga's.

[Mo1]

A two-minute debate .. that's it ..???

And How much is Clinton being paid for this?

[Mo1]

Correct me if I'm wrong but didn't Clinton promise not to raise taxes and then raise them which produced the overflowing pot (besides us working our butts off.

Yep .. not sure if it was the highest tax increase ever, but it was up there

Ticked off alot of Seniors also at the time

[MHT]

Who cares???!!! The best tv tonight was family night on Fox--The Simpsons, The Hills, The Beenes, and Malcolm's Clan.

After that, we switched back to the real world--Fox News. There's no time for anything CBS and its Democrat-agenda producers want to shove off on us!