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Interview with Larry King June 21, 1993

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Interview with Larry King June 21, 1993 1140 June 21 / Administration of William J. Clinton, 1993 President's Visits to New York Interview With Larry King Mr. Scheld. Absolutely. One other final June 21, 1993 question for you here. It concerns when you come to New York, and I'm sure you will Mr. King. Welcome back to another hour be in this area for Governor Florio and for of ``The Larry King Show.'' Great pleasure Mayor Dinkins, campaigning; that's my to have with usÐthe last time we had him guess, at least. What do you tell the people on a radio show he was in a car in Detroit who are sitting in traffic sometimes because during the campaign, getting to the airport. of a Presidential visit? It's a loaded question, In fact, he gave us a visual description of the sir. highway. Do you remember that? The President. I do remember it. The President. It really bothers me when I come there. I told Mayor Dinkins the last Economic Program time I was there, I was so concerned that it required so many police officers and fire- Mr. King. President Clinton, a couple of men. And it seems that the President inter- things. First, Senator Phil Gramm last week rupts the flow of events more coming to New on my television show saidÐthe Republican York than any other place because of the from TexasÐanytime, anywhere, anyplace density of the population and the traffic. It he'll come to the White House, he'll meet really concerns me. with you, he'll sit down to work out a deal on the economy from the Republican Party One of the things that I can do and one standpoint. He said, you invite him, he's of the things I did do the last time I came there. What about it? was to land at the airport and then take a The President. I'm always happy to talk helicopter in as close as I can to where I'm to Senator Gramm, but the issue is, what are driving so that really minimizes the disrup- they for? I mean, there at least was a Repub- tion to the other people and traffic. You lican budget offered in the House of Rep- know, I love to come to New York, and I resentatives, and more Republicans voted think it's a good thing for the President to against it than Democrats voted against my be in New York and to be on the streets and budget. There was a bipartisan budget of- to be with the people, and it's such an impor- fered in the Senate Finance Committee tant part of our national life. There are so which by common consent probably couldn't many people there I need to talk to and see get 20 votes on the floor of the Senate. So and listen to. But it bothers me when I incon- what I want to know is, what are they for? venience a lot of people. I have met with the Republican Senators Mr. Scheld. Well, we leave you the invita- completely. I meet with the leadership of the tion to always come back here and talk to Republicans along with the Democrats all people, but this is a way to get through to the time. I am always anxious to discuss this. them without causing some traffic problems. But we need to know what the specifics are. But come here anyway. We'd love to see you. I mean, I put out a plan that has $250 billion The President. I'd love to do it. Maybe in tax cuts in it that affects agriculture, veter- we can do it. Maybe radio can be the best ans, defense, foreign aid, the Federal em- alternative. ployee pay, Federal employee retirement, cuts huge amounts out of all these things. Mr. Scheld. Absolutely, sir. Thank you for They've been trying to convince the Amer- taking the time this afternoon. ican people that there are no spending cuts. The President. Thanks. Senator Gramm tried to do it in his own State of Texas in the recent election season. NOTE: The interview began at 12:49 p.m. The So, if we're going to have anything to talk President spoke from the Roosevelt Room at the about, we've all got to at least say what the White House. A question referred to newspaper facts are. All I'm saying is I'd be happy to reports that Henry Leon Ritzenthaler may be the have any suggestions he has, but we've got President's half-brother. to know where we're going on this. VerDate 14-MAY-98 14:23 May 19, 1998 Jkt 010199 PO 00000 Frm 00024 Fmt 1244 Sfmt 1244 W:\DISC\P25JN4.023 INET01 Administration of William J. Clinton, 1993 / June 21 1141 Mr. King. You're saying it would be point- took the debt from $1 trillion to $4 trillion. less to sit down unless they come in with We had astronomical long-term interest a preagenda? rates. Ever since we've been trying to bring The President. The Senate Finance Com- the interest rates down by bringing the defi- mittee met last week on the economic plan cit down, you see mortgage rates at a 20- and dealt with a lot of Republican amend- year low, housing starts at a 7-year high; con- ments after they went all over the country struction employment is increased at the saying the issue was spending. The Repub- highest rate in 9 years. We've got 755,000 licans tried to lower taxes in a lot of different new jobs coming into the economy. Most of ways, mostly on upper income folks. And ev- them are coming in because people are refi- erything they offered would have increased nancing their debt and freeing up money to the deficit because they did not introduce invest in the economy. So we're moving this one single spending cut amendment, because in the right direction. But of course, it's not those are the tough and controversial things, popular to do these difficult things. because they know how much we've already cut spending in this budget. International Economy So, all I'm saying is, you know, I'll talk to Phil Gramm; I'll talk to anybody. He may Mr. King. You're going to have to go to want to talk to me this week because I'm Japan in a couple weeks. That's a major eco- trying to save the space station and the super nomic conference. Let's assume the Senate collider in his State, two things I believe in. passes this; then they go to House commit- After having shaved down the space station tee, and that of course won't be settled by by $4 billion and shaved the cost of the super the time you go there. And you go to a coun- collider some, I believe they're important for try where their leadership is going to change. America as investments in science and tech- How much of a ball of wax is that? nology. But there are a lot of people who The President. Well, it's going to be a are against these projects who are going to challenge to get a lot done at this summit. try to take his rhetoric and the rhetoric of But I'm convinced we can. We have two or the recent Texas election and use it against three issues that we really need to deal with. him because of the things they said. So, Sen- We're trying to come to grips with the need ator Gramm may need me this week because for a new trade agreement for the world, I agree with him on this issue, and I hope which I think is very important, will create we can save them for America's sake. But more jobs in America. We'd have more jobs the political rhetoric of some of the Repub- today if Europe and Japan weren't in the bad licans in pretending that there are no spend- economics conditions they're in. Their ing cuts has made it tougher. growth rates are substantially lower than Mr. King. So in other words, what every- ours. If they were in better shape, they'd be body wants is, they don't want to pay new buying more of our products and we'd have taxes; they don't want to cut any services. We more jobs. just want a free ride. The second thing we're going to try to deal The President. Yes, and we want to do with is what we can do, each in our own it in a way that looks politically palatable. So countries, to promote global economic they talk about, well, let's put a cap on all growth. The Europeans and Japanese have this spending or limits on all that and not been telling America for years, ``Get your come up with the specifics. My budget has deficit down.'' So we're doing that. Now 200 specific spending cuts over the previous they've got to lower their interest rates in Bush budget. A hundred of them are more Europe so they can grow, and they've got than $100 million a piece. And I really have to invest some more money in Japan so they tried to take this thing on. For years we lis- can grow and buy more of our products.
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