· Alan Greenspan, Federal Reserve Chairman, 2/20/96: The deficit reduction in the President's 1993 Economic Plan was "an unquestioned factor in contributing to the improvement in economic activity that occurred thereafter."
· Business Week, 5/19/97: "Clinton's 1993 budget cuts, which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
· Goldman Sachs, March 1998: One of the reasons Goldman Sachs cites for "the best economy ever" is that "on the policy side, trade, fiscal, and monetary policies have been excellent, working in ways that have facilitated growth without inflation. The Clinton Administration has worked to liberalize trade and has used any revenue windfalls to reduce the federal budget deficit."
· U.S. News & World Report, 6/17/96: "President Clinton's budget deficit program begun in 1993... [led] to lower interest rates, which begat greater investment growth (by double digits since 1993, the highest rate since the Kennedy administration), which begat three-plus years of solid economic growth averaging 2.6 percent annually, 50 percent higher than during the Bush presidency."
· Paul Volcker, former Federal Reserve Chairman, Audacity, Fall 1994: "The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that... and I think we're seeing some benefits."
I stand corrected that it was a republican controlled congress. However, not a single republican voted for that for vote and Gore did decide the vote. Others apparently disagree with you when the economic recovery began as can be seen by some of the quotes I took from the link I provided in my previous post.
The 1994 economic plan was started by Clinton himself and the congress had to forced to go along with it. The republicans offered an alternative plan that was rejected.
http://www-tech.mit.edu/V114/N11/budget.11w.html