“A New Dawn for America”
President Clinton's State of the Union Address
Tonight, I stand before you to report that America has createdthe longest peacetime economic expansion in our history —with nearly 18 million new jobs, wages rising at more than twicethe rate of inflation, the highest home ownership in history,the smallest welfare rolls in 30 years, and the lowest peacetimeunemployment since 1957.For the first time in three decades, the budget is balanced.From a deficit of $290 billion in 1992, we had a surplus of $70billion last year. And now we are on course for budget surplusesfor the next 25 years. Thanks to the pioneering leadership ofall of you, we have the…
