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[Weekly Compilation of Presidential Documents]

[Page i-ii]
Monday, March 3, 1997
Volume 33--Number 9
Pages 227-270

[[Page i]]

Weekly Compilation of



[[Page ii]]

Addresses and Remarks

    American Council on Education--230
    Business Council--257
    Chile, visit of President Frei
        State dinner--256
        Welcoming ceremony--247
    Democratic Business Council--237
    National Association for Equal Opportunity in Higher Education--228
    National Drug Control Strategy, announcement--241
    Radio address--227
    Tobacco, initiative to protect youth--265

Bill Signings

    International population assistance program legislation, statement--

Communications to Congress

    Cuba, message transmitting notice--265
    National Drug Control Strategy, message transmitting--244
    North Atlantic Treaty Organization enlargement, letter transmitting 
    United Kingdom-U.S. supplementary Social Security agreement, message 
    Weapons of mass destruction, message transmitting report--256

Communications to Federal Agencies

    Certification for major narcotics producing and transit countries, 
    Cloning technology issues, letter--237
    Defense acquisition management, delegation of responsibility, 
    Federal policies targeted to children in their earliest years, 
    Gulf war documents, memorandum--255

Interviews With the News Media

    Exchanges with reporters
        Old Executive Office Building, Room 450--241
        Oval Office--248
    News conference with President Frei of Chile, February 26 (No. 

Meetings With Foreign Leaders

    Chile, President Frei--247, 248, 249, 256


    Continuation of the National Emergency Relating to Cuba and of the 
        Emergency Authority Relating to the Regulation of the Anchorage 
        and Movement of Vessels--264


    American Red Cross Month--240
    Irish-American Heritage Month--263

Statements by the President

    See also Bill signings
    AIDS, domestic reduction in deaths--263
    Balanced budget amendment, Senate action--255
    ``Brady Act,'' third anniversary--266
    Cuba, first anniversary of downing of U.S. aircraft--235
        Albert Shanker--228
        Martin Slate--236
        Peggy Browning--267

Supplementary Materials

    Acts approved by the President--270
    Checklist of White House press releases--269
    Digest of other White House announcements--268
    Nominations submitted to the Senate--269


Published every Monday by the Office of the Federal Register, National
Archives and Records Administration, Washington, DC 20408, the Weekly
Compilation of Presidential Documents contains statements, messages, and
other Presidential materials released by the White House during the
preceding week.

The Weekly Compilation of Presidential Documents is published pursuant to
the authority contained in the Federal Register Act (49 Stat. 500, as
amended; 44 U.S.C. Ch. 15), under regulations prescribed by the
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Distribution is made only by the Superintendent of Documents, Government
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There are no restrictions on the republication of material appearing in
the Weekly Compilation of Presidential Documents.

[[Page 227]]

[Weekly Compilation of Presidential Documents]

[Page 227-228]
Monday, March 3, 1997
Volume 33--Number 9
Pages 227-270
Week Ending Friday, February 28, 1997
The President's Radio Address

February 22, 1997

    Good morning. Today I want to talk with you about our economy, what 
we can do to keep it growing, offering opportunities to all Americans 
who work for them.
    When I took office 4 years ago, my most important job was to renew 
our economy. We put in place an economic plan that cut the deficit even 
as we increased investments in our people and expanded exports to record 
levels. We cut the deficit by 63 percent, from $290 billion a year in 
1992 to $107 billion last year. Proportionally, it is now the smallest 
of any major economy. This has created the conditions for American 
businesses and workers to thrive, and they have.
    Over the last several weeks, we've received the full data on our 
country's economic progress for the last 4 years. The economy created 
11\1/2\ million new jobs for the first time ever in a single term. That 
includes a million construction jobs and millions of other good paying 
jobs. Entrepreneurs have started a record number of new businesses, 
hundreds of thousands of them owned by women and minorities. We've had 
the largest increase in homeownership ever, a big drop in the poverty 
rate, and a big increase in family income. And just this week, we 
learned that the combined rate of unemployment and inflation over the 
last 4 years is the lowest for a Presidential term since the 1960's.
    Now we must continue our progress. We cut the deficit by two-thirds; 
it's time to finish the job. We must balance the budget to keep interest 
rates down and investment up and jobs coming in. But we must do it the 
right way. Today our economy is growing steady and strong. If we want to 
keep it growing, producing jobs and opportunity for our people as we 
enter a new century, then we simply must finish the job of balancing the 
budget, and we must do it this year. That is the only way to keep 
interest rates low, to keep confidence high, to give businesses the 
ability to innovate for tomorrow. We must pass a balanced budget plan 
this year or face the consequences in years to come.
    This month I submitted my plan to balance the budget by 2002. Our 
plan makes the hard decisions necessary to lock in the savings achieved 
and to ensure that the budget remains in balance in the future. It saves 
$350 billion over the next 5 years, enough not only to balance the 
budget but also to cut taxes. It makes tough and specific cuts in 
spending, and ensures that those cuts will be carried out by imposing 
strict limits on the amounts Congress can spend each year. It ends 
hundreds of wasteful Government programs and projects, eliminates $34 
billion in corporate subsidies businesses don't need, and makes reforms 
in entitlement programs so they'll cost less in the future, extending

the life of the Medicare Trust Fund for a decade while preserving quality 
health care for elderly Americans.

    Even as the plan balances the budget, it also maintains the balance 
of our values. To prepare our people for the 21st century, I have 
challenged our Nation to build the world's best educational system. My 
plan increases investment in education and training to $51 billion in 
1998, a 20 percent increase. It provides tax cuts to help families pay 
for college, increases Pell grant scholarships for deserving students, 
advances the America Reads initiative to help every 8-year-old read on 
his or her own, and advances our goal of connecting every single 
classroom and library to the Internet by the year 2000. It invests in 
our people in other ways as well, giving them tax cuts to help them 
raise their children or buy a home, extending health care coverage to 5 
million more children, protecting the environment.
    That is the right way to balance the budget. And balancing the 
budget only requires Congress' vote and my signature. It does not 
require us to rewrite our Constitution. We

[[Page 228]]

must balance the budget, but a balanced budget amendment could cause 
more harm than good. It would prevent us from responding to foreign 
challenges abroad or economic trouble at home, if to do so resulted in 
even a minor budget deficit. And because it would write a specific 
economic policy into our Constitution, it could force the Secretary of 
the Treasury to cut Social Security, or drive the budget into courts of 
law when a deficit occurred when Congress was not working on the budget. 
In a court of law, judges could be forced to halt Social Security checks 
or to raise taxes just to meet the demands of the constitutional 
    These are results no one wants to see happen, but a balanced budget 
amendment could surely produce them. Instead, we should simply act this 
year and act together, for Democrats and Republicans have an historic 
opportunity to reach across party lines to enact the first balanced 
budget in a generation. Soon we will begin discussions with bipartisan 
leaders in Congress to craft a final plan. By coming to an agreement 
this year, we can take a giant step to prepare our country for the 21st 
century and give our children the future they deserve.
    Thanks for listening.

Note: The address was recorded at 5:17 p.m. on February 21 in the 
Roosevelt Room at the White House for broadcast at 10:06 a.m. on 
February 22.

[Weekly Compilation of Presidential Documents]

[Page 228]
Monday, March 3, 1997
Volume 33--Number 9
Pages 227-270
Week Ending Friday, February 28, 1997
Statement on the Death of Albert Shanker

February 22, 1997

    Hillary and I were deeply saddened today to learn of the passing of 
Albert Shanker. Al spent his life in pursuit of one of the noblest of 
causes, the improvement of our public schools. Since 1964, he led 
educational organizations, first as the president of the United 
Federation of Teachers in New York and for 22 years as the president of 
the American Federation of Teachers. He challenged the country's 
teachers and schools to provide our children with the very best 
education possible and made a crusade out of the need for educational 
standards. He believed, as I do, that children should not go through 
school without learning the basics of reading, writing, and arithmetic. 
Our thoughts and prayers are with his wife, Eadie, and his family 

[Weekly Compilation of Presidential Documents]

[Page 228-230]
Monday, March 3, 1997
Volume 33--Number 9
Pages 227-270
Week Ending Friday, February 28, 1997
Remarks to the National Association for Equal Opportunity in Higher 

February 24, 1997

    Thank you very much. Good morning. Welcome to the White House. Dr. 
Ponder, Dr. Wilson, Dr. Shaw. Where's Bill Gray? Is he here? You're 

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