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[07/23/1997 - 08/04/1997]
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[07/23/1997 - 08/04/1997]
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Presidential Electronic Mail from the Automated Records Management System (ARMS)
Automated Records Management System (ARMS) Email from the White House Office (WHO) Bucket
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[Sperling, Contract with America]
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RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO 1) CREATION DATE/TIME:23-JUL-1997 10:58:23.00 SUBJECT:- PBS: News Hour with Jim Lehrer, 7/22/97 TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop ( Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [OPD]) READ:UNKNOWN TO: Laura D. Schwartz@eop ( Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN D READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop ( Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO ]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [ OA ]) READ:UNKNOWN TO: Jason S. Goldberg@EOP ( Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO ]) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO ]) READ:UNKNOWN TO: Michelle Crisci@eop ( Michelle Crisci@eop [WHO]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: Michael Waldman@eop (Michael Waldman@eop [ WHO ]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO ]) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Stuart Schear@eop ( Stuart Schear@eop [ WHO ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO ]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP ( Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop (Russell W. Horwitz@eop [ OPD 1) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO ]) READ:UNKNOWN TO: Paul K. Engskov@eop ( Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO D READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ]) READ:UNKNOWN TO: Lori Anderson@eop ( Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 23-JUL-1997 10:39:00 News Hour with Jim Lehrer: "BORDERING ON CANNIBALISM"? Aired on JULY 22, 1997 Since Speaker Newt Gingrich's ethical problems at the beginning of the 105th Congress, a group of conservative Republicans have been working to oust the Speaker. Last week, their efforts resulted in a failed "coup" and led to the resignation of the chairman of the Republican Leadership, Rep. Bill Paxon (R-NY). Following a background report on the "coup," Margaret Warner talks with three Republicans about the state of their party. SPOKESMAN: The gentleman is recognized for one hour. KWAME HOLMAN: Last April, Speaker Newt Gingrich stood in the well of the House and explained at length his decision to borrow money from Bob Dole in order to pay a $300,000 penalty for violating House ethics rules. REP. NEWT GINGRICH, Speaker of the House: This House is at the center of freedom, and it deserves from all of us a commitment to be worthy of that honor. Today, I am doing what I can to personally live up to that calling and that standard. I hope my colleagues will join me in that quest. May God bless this House and may God bless America. Thank you. (applause) KWAME HOLMAN: After barely surviving the fall elections with the Republican House Majority in place, Gingrich was moving to rebuild his legendary reputation born of the Republican revolution he engineered in 1994. But on a handful of occasions in the months to come a small but vocal group of dissidents in the ranks variously vexed, criticized, and even publicly challenged Gingrich!,s leadership. The loose affiliation of independent-minded dissidents contains at least these members, all two- or three-term conservatives, both from the South and West, and with strong approval ratings in their home districts. They voice the concern of other conservatives that Gingrich has become too much of a moderate, too willing to capitulate to President Clinton and the Democrats in budget negotiations and policy matters. But through the dust up with the dissident group, Gingrich maintains the public support of his leadership team. REP. DICK ARMEY, Majority Leader: The speaker is running the House. The speaker is the speaker, and he has the respect and the admiration and support of a majority and many people in the minority. REP. JOHN BOEHNER, Conference Chairman: Certainly, we!, ve had our share of disagreements, but the family is getting along fine. REP. TOM DELAY, Majority Whip: The speaker is the speaker. He will continue to be the speaker, and those opponents of Speaker Gingrich, too bad; he!,s going to continue to be speaker. REP. NEWT GINGRICH: We believe we!,re very close to having it worked out and hope in the next few hours to be able to announce and then move a supplemental appropriations bill to provide the flood aid. KWAME HOLMAN: But then came Gingrich!,s decision last month to give in to the President in a high-profile public relations battle over Midwestern flood aid. A few weeks later, according to a story in last Wednesday!,s edition of The Hill newspaper some of the dissidents met with some or all of Gingrich!,s lieutenants and discussed ousting Gingrich as speaker. The plan was abandoned, but reportedly involved Dick Armey, the elected majority leader; Tom Delay, the majority whip; John Boehner, the conference chairman; and Bill Paxon, appointed by Gingrich to chair leadership meetings and reported to be the dissidents!, first choice to replace Gingrich. He resigned that post last Thursday. All four men have denied backing Gingrich!,s overthrow. Paxon did so Sunday on NBC!,s "Meet the Press." REP. BILL PAXON, (R) New York: At no time have I ever been involved in effort to overthrow the speaker that I worked so hard to elect. Tim, the speaker appointed me to serve in the leadership to help solve problems. Last week, I tried to work to defuse a problem that you!, ve noted. Mistakes were made. I made mistakes in the way I tried to handle the defusing of this problem, specifically, didn!,t inform the speaker of the problem early enough and certainly didn!,t anticipate when it blew up that it would have the impact that it did on our agenda and on our conference. KWAME HOLMAN: On ABC!,s "This Week" two of the leading dissidents said they were willing to wait, but Gingrich!,s lieutenants advocated his immediate ouster. Representative Matt Salmon said conference Chairman Tom Delay promised to support a floor vote against Gingrich. REP. MATT SALMON, (R) Arizona: There were 17 of us in that meeting, including Tom Delay, and I can tell you unequivocally that the 17 members that were in that room with Tom Delay had that impression; that we walked out believing completely that that was Tom Delay!,s intent. KWAME HOLMAN: Now that it appears to be over for now, the speaker!,s office said today Gingrich plans no action against Delay or the other remaining members of the leadership. For his part, Gingrich said yesterday, at a meeting of business leaders in his suburban Atlanta home district, "You know I don!,t quit. We are doing fine. We have to calmly keep our eye on the ball." A group that includes many of the rebels reportedly will meet tonight. The full House GOP Conference has its regular meeting tomorrow morning. MARGARET WARNER: Now, three Republicans assess all this. As we just saw, Rep. Matt Salmon was one of the dissidents seeking the ouster of Speaker Gingrich. He!,s a second-term congressman from Arizona. Rep. Marge Roukema of New Jersey is serving her ninth term in Congress, and former Congressman Bob Walker of Pennsylvania, who retired last year, is a long-time friend and adviser of the speaker. He is now president of the Wexler Group, a Washington lobbying firm. And Congressman Salmon, starting with you, what brought all this to a head now? REP. MATT SALMON, (R) Arizona: Well, I think what brought it all to a head now--and call I can say is what I learned from my involvement in this process--on Thursday night one of my colleagues, who had been part of the 11-the group of 11 that was kind of spawned out of our unhappiness about the willingness of the leadership to raise committee funding, that was a long, long time ago, but one of those colleagues came up to me on the floor and said that a member of leadership had requested that we get together that night to decide about decisive action. I might say--I!,d point out it wasn!,t my time frame, because, frankly, I was in more of a "wait and see" mode to see exactly how things were going to play out. MARGARET WARNER: But--and the substance of it--I mean, is this--is this a philosophical dispute that you have with the speaker? What is the issue, the No. I issue? REP. MATT SALMON: I don!,t think it!,s so much of a philosophical dispute as much as it getting back to the things that we!, ve promised that we would do three years ago on the Capitol steps. We simply want to get back to the things that are important for the Republican Party, and that is balancing the budget, cutting taxes, getting the federal government off of our backs, and returning power back to the states. That!,s all we ever wanted. It!,s not a personality dispute. It!,s not in my mind that he has so-called become a moderate. It!,s just about keeping promises. And frankly, I think that last week!,s efforts may have been the shadow talked about that was required to get the speaker to take this very seriously, sit down with all interested parties, because, frankly, we understand as well. We can!,t always have our way, but we would like to have a clear leadership strategy communicated, and we would all like to stick to the same plan. MARGARET WARNER: Congressman, what!,s your take on this, on why your Republican majority!,s come to this passage right now? REP. MARGE ROUKEMA, (R) New Jersey: I don!,t quite know how to answer that. First, I!, ve got to say that I was completely out of the loop, surprised, astounded, and more than a little ashamed to see how this whole so-called coup hit the press and hit the public. I can!,t speak for my colleague here. He has to explain his own thought process. But for me looking at the outside, I!,m saying to one extent I agree with him--and that is that our party--and I!,ve been saying this for a long time--that if we!, re going to be a majority party, that we!, ve got to get all the elements, the different caucuses within our party, whether it!,s the right conservative or the more moderate element, such as myself, to pull together, to have communications, to have alliances, and to form consensus. We can!,t be a minority regional party. But the real problem, as I see it, is the fact that this erupted the way it did at a time when the public is looking to ask, to carry out that agenda that my colleague talked about, and right now we have the budget agreement and the tax bill that are going through negotiations And that was our commitment; that we would behave like a majority party in a professional and businesslike way, and get the legislation that belongs to the people passed and signed into law. How can we do this to ourselves? A civil war has erupted and is bordering on cannibalism. MARGARET WARNER: Congressman Salmon, what!,s your answer to that? I mean, did you all think about the timing, given what!,s on the table in terms of your negotiations with the White House and the agenda? REP. MATT SALMON: Again, I completely agree with what she has said. I don!,t believe the timing was good. And frankly, my timing all along has kind of been wait and see through the August recess, see if we can get our act together, see if our leaders will lead, and stop appearing to bow down to the pressures exerted by Bill Clinton and the media. I was in a "wait and see" mode, and frankly, as I mentioned earlier in this conversation, that was not my time frame. MARGARET WARNER: All right. Former Congressman Walker, you!, ve been through a lot of battles, I!,m sure, on the Hill, but have you ever seen anything like this, and why do you think this is happening? FORMER REP. BOB WALKER, (R) Pennsylvania: Well, we haven!,t seen anything quite like this for a long, long time in the Congress, probably going back into the early part of the century, but I think what!,s happening here is that you have a period of time in which people are not seeing it all come together in exactly the same way. I believe that the agenda outlined by Matt Salmon a minute ago is exactly what the speaker!,s attempting to do. He!,s attempting to get a tax cut. He!,s attempting to get spending cuts. He!,s attempting to get entitlement reform. He!,s attempting to balance the budget, why we d o all that, but he also recognizes you have to negotiate in a way that brings the Senate on board and ultimately the best way to get all that done is to have the President sign it. That means making some compromises along the way, and it has not been clear all the time that people were prepared to do some of the compromising that was necessary to get the job done. MARGARET WARNER: Congresswoman, when you heard your colleague, Mr. Salmon, Congressman Salmon, outline his view of what he wants and the way he wants Gingrich, Speaker Gingrich to lead, and he talked about standing on the steps back before the !+94 election, the Contract with America, is that compatible with what you!, re looking for and moderates, if I can call you that, like yourself? REP. MARGE ROUKEMA: Well, yes and no, I guess. Perhaps his precise interpretation of what the Contract with America meant is a little different from mine, but, in general, we all agreed to that, or at least we agreed to have a full and open debate on all these issues, and I think that has been done. It doesn !,t mean that we can be successful in every particular. For example, I voted against a couple of them: the line-item veto for one. But we did have a full and open debate. But I think we !,ve got to move away from that right now and focus on what our job is now and maybe use the example of this disaster relief bill and then the NEA, for example, the National Endowment for the Arts, and the way that was handled. I think we !,ve got to be very careful from the leadership on down where we draw the line in the sand. By that I mean for the general public to understand politicians always want to draw lines in the sand and say this is our last offer; we !,re not going to compromise beyond this. We !,ve got to be careful when we draw that line in the sand. I think the disaster relief bill was totally mishandled. No way that I could agree with drawing that line in the sand, and yet, there are wide disagreements within the conference, but in the end, we could not turn our backs on those poor people that are out there suffering. That !,s an example of what I mean, but I think that the responsibility is with the leadership to bring us together to have communication. They haven !,t; they !,ve been playing us against each other, I !,m afraid. MARGARET WARNER: Congressman, what are you looking for now? I mean, is this over, is it over for now? What are you looking for from the leadership? REP. MATT SALMON: It !,s never over. We always have responsibility to keep on fighting for the things that we believe. But I do believe that most of us--myself included--are in a mode of let !,s try to heal; let !,s take what happened last week; let !,s try to make the best of it. I use the old adage when life deals you a lemon, try to make lemonade. I think that !,s where we !,re at right now. We have to make something positive come of this. What !,s at stake here is not just some political game of chess. The future of our country is at stake here. We can !,t afford to let petty differences get in the way. MARGARET WARNER: All right. But are you open to the kind of pragmatism that Mr. Walker and the congresswoman are talking about in terms of negotiating with the White House and so on? REP. MATT SALMON: You know something. I hear what you !,re saying, but frankly, we !,11 never know if we would have been able to win the fight if we keep taking a dive in the first round. And that !,s the way I see it. That !,s the problem with the last six or seven months, is that we have not carried through a fight to its fruition. And, frankly, I look back at one of the greatest leaders in my mind of this century, and that !,s Ronald Reagan. If when he went to negotiate with Gorbachev on the nuclear disarmament, when Gorbachev said, okay, you do away with SDI and then we !,11 talk about nuclear disarmament, if President Reagan would have said, okay, well, I guess pragmatism should kick in now and maybe to get something I should give that up, the Berlin Wall would still be up. MARGARET WARNER: Mr. Walker, do you think--David Broder, The Washington Post columnist, had a column this morning saying, given the narrow governing majority, it !,s very hard to bridge this gap that we just heard from these two members. What !,s your assessment of that? FORMER REP. BOB WALKER: It !,s hard to bridge the gap because, I mean, people want to get as much as they can, and really within the caucuses you fight for that. I was always one of the people in--among the conservatives on the Hill who fough t for getting as much as we could of the conservative agenda. The question is whether or not you move in the right way all the time, and it seems to me when you !,re getting tax cuts, when you !,re getting a balanced budget, when you !,re getting spending cuts, when you !,re getting the entitlement reforms, that !,s moving in the right direction, and you need to keep the majority in order to do that. And the one thing that Republicans seem to agree on is the fact that they need to be doing those things that ultimately allow them to keep the majority and expand the majority so that they can continue down the path. The only real pressure on Bill Clinton and Democrats is the fact that there are Republican majorities in both the House and Senate, that set the agenda and force the country to move in more conservative directions. And hopefully, all Republi cans can agree that that !,s a plus. MARGARET WARNER: Let me ask you something else, because I know you still talk to the speaker. How does he personally see this? Does he feel betrayed, and how does he feel it !,s affecting his ability to negotiate with the White House? FORMER REP. BOB WALKER: Well, I think he !,s hurt because of some of the personal relationships on it, but he is very much focused on getting deals done that he thinks will define the long-term prospects for the party. If we get the tax cut for the American people, if, in fact, we manage to do all those things, he thinks that that !,s what they will end up focusing on and that those will be the right things to have done. MARGARET WARNER: But do you think this weakens him and his negotiating? FORMER REP. BOB WALKER: No. It !,s strengthening. In fact, he !,s strengthened by what took place here because it becomes clear that some of the rest of the leadership wasn !,t ready for prime time and that the only people that the White House could really deal with are Lott and Gingrich at this point in hopes of getting the deal. So I think for the moment that he !,s strengthened by all of this and that the White House will see him as the player that they have to deal with. MARGARET WARNER: Congressman, you have a meeting, you and your fellow sophomores, tonight at 8, and there !,s also a Republican conference, all Republican House members tomorrow. What are you looking for in both of those meetings? REP. MATT SALMON: I think we need to have a lot of open dialogue and we need to get beyond the good-sounding happy-faced rhetoric; we need to cut down between all the muck and the mud; and we need to talk to one another. We need to stand one another, and we need to realize that at the end of the day we !,re friends. And we need to realize that at the end of the day we have the same objectives, and we need to fight side by side, instead of at one another !,s throats. MARGARET WARNER: And, Congresswoman, briefly, do you see that happening? REP. MARGE ROUKEMA: I certainly will do everything I can to urge that that happened. I think that we have got to tell the leadership that we !,ve all got--that they have got to by their own example show us how we can pull together and get this agenda accomplished. And I must say that I think the budget and the tax program that we !;re working on is a powerful agenda, and it !,s a powerful message back home, and it !,s something that we should be proud of. I don !,t see how we caved in on that. I think it !,s an accomplishment. And it !,s about time that we report back to the American people in that vein. MARGARET WARNER: Okay. Thank you both very much. Mr. Walker, thank you. FORMER REP. BOB WALKER: Thank you. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO 1) CREATION DATE/TIME:28-JUL-1997 09:04:09.00 SUBJECT: CNN: Late Edition, 7/27/97 TO: Michael Waldman@eop (Michael Waldman@eop [ WHO ]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO 1) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Stuart Schear@eop ( Stuart Schear@eop [ WHO ]) READ:UNKNOWN TO: steven j. naplan@eop (steven j. naplan@eop [ NSC ]) READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop (Lorraine L. Wytkind@eop [ WHO ) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO ]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [OA]) READ:UNKNOWN TO: Jason S. Goldberg@EOP ( Jason S. Goldberg@EOP [ WHO 1) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO ]) READ:UNKNOWN TO: Rahm Emanuel@eop (Rahm Emanuel@eop [ WHO ) READ:UNKNOWN TO: Michelle Crisci@eop (Michelle Crisci@eop [ WHO ]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop ( Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [ OPD ]) READ:UNKNOWN TO: Laura D. Schwartz@eop ( Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO ]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP (Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop (Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO ]) READ:UNKNOWN TO: Paul K. Engskov@eop ( Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ]) READ:UNKNOWN TO: Lori Anderson@eop ( (Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 28-JUL-1997 08:49:00 Late Edition with Frank Sesno: LATE EDITION With Frank Sesno For July 27, 1997 Aired July 27, 1997 - 12:00 a.m. ET ANNOUNCER: Live, from CNN in Washington, this is LATE EDITION, with Frank Sesno. SESNO: It's Sunday, July 27, 1997. Welcome to LATE EDITION, seen live every week at this time across the United States and around the world. Week Three of the money trail hearings on Capitol Hill here in Washington, the spotlight focusing on Republicans, including Haley Barbour, former chairman of the Republican National Committee. The big question: was overseas money used to fund GOP campaigns back in '94? We'll get the inside view from two who were very much in the hearing room. Then, a roaring economy in the U.S. as the stock market hits yet another high. That and the ongoing budget talks in Washington. Will they get a deal, and what will it mean for the pocketbooks of U.S. taxpayers? Q&A with Gene Sperling, chairman of the president's National Economic Council. Later, round the table with Roberts, Page and Blankley. And Bruce Morton has the "Last Word" on Newt Gingrich and the vision thing. (NEWS BREAK) SESNO: Following the money trail this week, allegations that the Republican Party funneled money from overseas into their congressional races back in '94. Those allegations took center stage in the hearing room. Former Republican Party chief Haley Barbour was on the defense. In a minute, we will talk to two key players who are on that committee. First, some background. (BEGIN VIDEOTAPE) SESNO: Barbour went before the committee and insisted that he did not know that a loan guarantee to his tax-exempt National Policy Forum came from a company in Hong Kong. And he denied that the money eventually made its way into congressional campaigns in the 1994 elections, the critical elections that put the Republicans in power on Capitol Hill. HALEY BARBOUR, FORMER CHAIRMAN, REPUBLICAN NATIONAL COMMITTEE: The first and most important fact is that the national -- is that everything the National Policy Forum did was legal and proper, everything, and everything about the Republican National Committee's relationship with the National Policy Forum was legal and proper. Two weeks ago, in these hearings, it was said repayment this repayment -- allowed the RNC to finance the Contract With America campaign in 1994. A news magazine said the repayment allowed the RNC to pay for its late advertising blitz to win control of Congress. Those statements are both wrong. It was said yesterday that foreign money went to congressional candidates. That statement is also wrong. SESNO: But at the end of the week, former GOP chairman Rich Richards said otherwise. BARON: Did you advise Mr. Barbour at this time in the course of describing the transaction where the ultimate source of the money would come from that would be posted as collateral with the bank? RICHARD RICHARDS: Well, the only thing I told is the money would be transferred from Young Brothers Hong Kong to Young Brothers USA for that purpose. Frankly, I never thought I would see the time in my lifetime that Republicans won the House majority. But he told me that was the case and said we have a problem. We at the national committee have loaned the Forum three million -- $3.3 million, some amount in excess of $3 million, of money that we can use in the campaign. But we've got a problem. We need to be able to take it out of the Forum for our purposes. SESNO: Well, joining us now, two watching the hearings on the inside and participating -- Republican Senator Bob Bennett from Utah, a member of the Government Affairs Committee, and Alan Baron, chief Democratic counsel to the committee. You saw him questioning a witness just a moment ago. Gentlemen, welcome to you both. Thanks very much for coming in. BENNETT: Thank you. BARON: Nice to be here. MORE XXX to be here. SESNO: Mr. Baron, let me start with you. Everything the National Policy Forum did was legal and proper, said Haley Barbour. That's what we heard him just say. That's what you heard him say, both of you, all week long. Do you have a problem with that? BARON: Well, if you accept the premise that, as Mr. Baroody said in his testimony, that it was a fiction that there was a separation between the NPF and the RNC, and if you accept the proposition that the RNC can't accept foreign monéy, which seems clear that's where the money ultimately arose, it raises serious questions as to whether this was legal and proper. SESNO: And he says common sense would dictate that I wouldn't do something as dumb as this. He's a smart man, and he laid it out there, acknowledging that his nephew wrote -- poorly wrote a memo, but presenting what would have seemed to many a fairly credible case. BARON: Well, Mr. Baroody I thought was probably one of the most impressive witnesses I've ever heard. He was the president of this organization right from the start. SESNO: Of the National Policy Forum? BARON: The National Policy Forum. And he felt he had to resign after a year because he felt it was a fiction that there was a separation between the RNC and the National Policy Forum. I think that's a pretty powerful indication that something was wrong. SESNO: Senator Bennett, does this cause you heartburn? BENNETT: No, it doesn't. The National Policy Forum was a mistake. I said that in the hearings. It was not one of Haley's better ideas. But you've started this out with follow the money trail. If you follow the money trail, the money goes from the RNC to the National Policy Forum. Now, the National Policy Forum becomes, as Haley said, a siphon of money out of the RNC. The money comes from the Young Brothers organization, back to the National Policy Forum, and some of it comes back to the RNC. But when you get at the bottom line and balance the books, this whole activity at the National Policy Forum cost the Republican National Committee well over $2 1/2 million. SESNO: The whole BENNETT: That doesn't sound to me like a very smart way to get foreign money into congressional campaigns. SESNO: The whole question here is did that money from overseas come into congressional campaigns here. BENNETT: The answer is clearly no. SESNO: The answer is clearly no? BENNETT: Clearly no. SESNO: Clearly no? BARON: I'm afraid I have to disagree. It's very clear that the money in the last couple of weeks before the election, $1.6 million, was freed up, made available to the RNSEC. They put it into the state parties, and they were able to use that money, even if it was only as soft money. But they can get out the vote, they can do a lot of work on behalf of candidates generally, even though they might not be able to use it for a specific campaign. BENNETT: And that's the key. They cannot use it for a congressional campaign. The money must be separated into two very clear accounts. If you take any money from the account that's a state account and allow one dollar of that to leak into the account that's for federal accounts, the entire second account is tainted. And everybody who is involved in raising and handling political funds know that. The deposit slips, the money trail, if you follow it carefully, will make that very clear. And I raised that issue directly with Dick Richards. And I said to him, do you have any personal knowledge that would cause you to doubt what Haley Barbour said about the separation of these funds. And he said no. SESNO: We're going to talk BENNETT: I said, do you think Haley Barbour perjured himself when he said it didn't happen. And he said no, under oath. SESNO: You asked about perjury. So let's talk about credibility for a moment. Haley Barbour said -- testified that -- I'm sorry, Rich Richards did testify that Barbour told him that this loan was urgent. Let's talk about Barbour's credibility. BENNETT: Yes. SESNO: Michael Baroody testified that the separation between the National Policy Forum and the RNC was a fiction. SESNO: Haley Barbour says, sure, I was on a ship off the coast. I was talking to Ambrous Young. I didn't know his business was from Hong Kong. Is this credible? Is he credible? BENNETT: That's not what he said. I think he said he was not aware SESNO: He also thought that Ambrous Young was a U.S. citizen, didn't he? BENNETT: Which I think he was at the time they first met. He Ambrous Young gave up his U.S. citizenship during this whole process. But at the time that contributions had been made from the Young Brothers previously to the Republican National Committee, Ambrous Young was a U.S. citizen as were his children. SESNO: Ambrous Young also told him, according to testimony, that if there was -- that he was going to have to check this thing out with his Hong Kong board of directors. BENNETT: That's correct. SESNO: And when it was default time, it needed to be in conjunction with Hong Kong laws and regulations in terms of what was happening to that money. How could he not have known? BARON: One thing's clear. Ambrous Young gave up his citizenship around the end of '93, and the discussions began sometime in the summer of '94. So I think that by the time the discussions were under way, he had given up his citizenship. I took Ambrous Young's deposition in London. And I can tell you that Ambrous Young speaks very good English. I had no problem. If you read the transcript of the deposition, it's very easy to understand. I spent two days, one day interviewing the man in the company of majority counsel also. He speaks very good English. It's very difficult to believe anybody couldn't understand him. SESNO: To the Democrats now and next week. This coming week in the hearings the committee starts to look at a man by the name of Charlie Trie. Who is he? What is the committee going to get at? Senator. BENNETT: Well, Charlie Trie is a restaurant operator out of Arkansas, Little Rock, who befriended the Clintons when Bill Clinton was governor, and then ended up either giving himself in his own name or shepherding hundreds of thousands of dollars, which is clearly beyond what he had the ability to give out his own pocket. SESNO: Illegality here, do you believe? BENNETT: Well, we're just going to have to look at it. There, I think, is certainly some clear irregularities. Whether they became illegal or not, we'll have to find out. SESNO: Mr. Baron, is this giving you heartburn? BARON: Well, I wish I knew a little bit more about what was coming up. We've gotten a witness list of about a dozen witnesses. We're not clear who's coming up at what time. But I think there are going to be some -- there's going to be evidence of impropriety, things that are going to raise serious questions about what went on. And it should be raising serious questions in everybody's mind about what are we going to do about it. The ultimate end game in this whole process ought to be campaign finance reform. It's not enough to just point to this and just say, gee, that's a terrible thing. Maybe some people ought to be prosec uted. SESNO: Today in The Washington Post, "Donor Contradicts White House," talking to the L.A. Times as well, another man caught up in the Clinton and the fundraising controversies -- Johnny Chung. Now he says that contradicting accounts by the Clinton administration -- I'm reading from The Washington Post today -- one of the Democratic Party's biggest campaign donors said he gave $50,000 check to the first lady's chief of staff in direct response to solicitations. This is a quote from Johnny Chung: "I see the White House as like a subway. You have to put in coins to open the gates." Senator, what do you make of this? BENNETT: That's a great sound bite for the Republicans. I think this is part of the whole pattern that we're looking at here. And I've said right from the beginning I see a dichotomy between that which is strictly legal, but frankly, inappropriate and offensive but nonetheless legal. And it may be that this is in that category. I think the selling of the Lincoln Bedroom is in that category. I think it's probably legal, but to me, it's very offensive. And I don't think we've see n anything approaching that in American politics in the past. Then you get to the other section, which is that which is clearly illegal, and how far does that go. And that, of course, is what bothers me about some of the things that some of the Democrats are saying that says we must get beyond this and get to campaign finance reform. Let's not get beyond it if there are clear illegalities that have gone beyond anything we've had in the past, and let's not paper over those and say, well, let's rush to pass a law and not pay attention to that. And that's the question we need to decide, which side of the line this kind of thing falls on. BARON: Well, I certainly am not suggesting that we rush past the illegalities and go on to reform without exploring them. I think that absolutely has to be done. It's certainly been Senator Glenn's position throughout this. But to see that as the end game, I think, is a mistake. The Department of Justice will take care of the illegalities. I firmly believe that. BARON: I think we're going to see a whole raft of indictments coming out this fall. SESNO: Mr. Baron, wouldn't you acknowledge, though, that while the Haley Barbour show this past week was interesting and maybe have been insightful into one particular practice or one particular incident, that the Johnny Chung, Charlie Tries, John Huangs -- the picture that is painted is predominantly a picture that is painted on the Democratic side, that the problems principally are on the Democratic side, and when are the Democrats -- when will you, Mr. Counsel -- step up and say, OK, there are problems, illegalities, and we've got to pay the consequences? BARON: I think the Democrats have said that. They have said that. And I... SESNO: You're still talking about politics. You're talking about non-cooperation from the Justice Department. There are a lot of things that people say here are distractions from that fundamental message. BARON: No, I don't really agree with that. I think Senator Glenn and the other Democrats recognize that there may be greater abuses coming out on the Democrat side. They have to be addressed. They have to be looked at very, very carefully. And if there are people who have committed illegalities, they should be prosecuted. SESNO: Is Johnny Chung going to testify? BENNETT: I don't know. I don't have the witness list in front me any more than counsel does. We gather the night before and sit down and talk the thing through. And Chairman Thompson says to us this is where we are. And frankly, I leave him alone until that happens. He doesn't need any badgering from me. SESNO: All right, gentlemen. Thank you very much. Alan Baron, Senator Bennett, I appreciate your time today. Well, when we come back, we shift gears and turn to the latest on the budget negotiations. There may be a tax cut for U.S. taxpayers somewhere in there. And we'll have Q&A with the president's economic policy chief, Gene Sperling. And later, we'll go round the table with Blankley, Page and Roberts. Stay with us. (COMMERCIAL BREAK) (BEGIN VIDEO CLIP) WILLIAM J. CLINTON, PRESIDENT OF THE UNITED STATES: Even though there are differences which are clearly and publicly stated between the White House and the Republican leaders and, to some extent, also clearly stated between the Democrats and Congress and others, I think we're going to get this agreement. (END VIDEO CLIP) SESNO: Welcome back to LATE EDITION. Budget negotiators here in Washington in the trenches all day yesterday emerging with a promise that they were inches away from a final deal on how much they'll spend, how much they'll cut Americans' taxes and spending. Joining us now to discuss the budget negotiations, the director of the -- the president's national economic adviser -- I'm sorry, let me get that right, Gene Sperling. Have I got it right? SPERLING: That sounds fine. SESNO: OK, just fine. Joining me in the questioning, Susan Page, USA Today. We want to tell you that we'll be taking your calls and questions for Gene Sperling in just a few minutes. We'll also be talking to him about the stock market. So if you've got some questions or thoughts, jot down our phone number and try to give us a call. SESNO: Mr. Sperling, let's start with the budget negotiations. You met all day yesterday. How close to a deal is to balance the budget? SPERLING: I think on the spending side, on the spending cut side, on the important issues of welfare, Medicaid, Medicare, I think a significant amount of progress has been made. A lot of issues have been narrowed or closed. There are still some tough issues like children's health care that are out there that are not resolved yet. On the tax side, there has been a lot of discussion, some progress, but we're not quite there yet. So I can't give you a prediction on timing. We want a good deal. SESNO: Days, weeks, months? SPERLING: Our goal is a good deal, a true balanced budget plan that is good to the middle class, strong for education and health care. When we have that good deal, we're ready to sign on the dotted line. SESNO: A shot across your bow earlier today from Senate Majority Leader Trent Lott. You've been negotiating with him. He was out on one of the programs, talked this morning. Take a look at what he had to say. (BEGIN VIDEO CLIP) U.S. SENATOR TRENT LOTT (R-MS), SENATE MAJORITY LEADER: I think right now what we need is the president to engage some. He has got to be prepared to make some concessions to get some. I realize that he's on the West Coast, but we're at a point after our meeting ended last night about 6:30 where the president needs to step in and say, yes, this is important. We're not going to use this for political positioning. (END VIDEO CLIP) SESNO: All right, the president needs to engage some, some more presumably. Will he do it? SPERLING: The president is fully engaged SESNO: No, he's out on the West Coast now, says Senator Lott. SPERLING: Oh SESNO: That's not good enough. SPERLING: Frank, the president is fully engaged. We are in constant conversation with the president. He has delegated to Erskine Bowles, his chief of staff and the rest of us who are on the negotiating team, to do the actual negotiation. But we are there speaking for the president with specific instructions from him on what we can do and what we can't do. SESNO: Will the president come rushing back to get a deal if that's what it took? SPERLING: That really should be unnecessary. But I'm sure this president will do whatever he needs to. He's the one who got this process started. He's the one who created the atmosphere for bipartisan negotiation -- as you know, made the first gestures on Medicare to break the log jam, got the first negotiations started initially and has been there every step of the way. Now, the president sometimes delegates to his secretary of state or his chief of staff to do actual negotiations because he is the president of the United States. But he is fully engaged. We spent pr obably two hours with him Friday night going over every little thing. When we went back Saturday, we were there speaking for the president. SUSAN PAGE, USA TODAY CORRESPONDENT: Let's go to some of the specifics that Republicans say are now settled in these negotiations. One is the issue of capital gains. The Republicans are signaling that the issue of -- they're willing to give up indexing of capital gains if the president is willing to sign on to a 20 percent capital gains tax rate. Is that the deal? SPERLING: Well, Susan, I'm not going to sit here and talk about exactly where we are. I think what is the case is that the president has made very clear what are the things he has to have in an agreement. And he has to have the higher education tax cuts PAGE: The Republicans say they understand that the president has a bottom line, but that they have a bottom line, too, and that their bottom line is the 20 percent tax rate. Is that an acceptable rate on the president's part? SPERLING: I think we have to see what the whole deal looks like. I think the president understands that that is probably the single- most important thing to them, and he will take that into account. But we need to make sure first of all that there is no explosion in the out-years. You know, as we get to that second 10 years, that's when we need all the revenues we can for Medicare and Social Security. So we have to look at the whole package, and make sure when you look at the things that they've been fighting for in terms of capital gains or estate tax and other things, that the whole package as a whole does not explode in the out years. SESNO: Mr. Sperling, though, isn't... SPERLING: some of the good, the great good that we're going to do with this agreement. SESNO: Isn't it true though that the president has accepted a 20 percent capital gains for the top income earners in this country presuming he gets some of these other things that you've laid out? SPERLING: Frank, nothing is agreed to until everything is agreed to. SESNO: Hasn't he agreed to that in principle with you and his advisers? SPERLING: Frank, I've spoken. SESNO: Turn to Medicare. You've taken the long-term fix off the table of Medicare, so-called means testing. If you make more, you're a senior citizen in this country, you pay more for your health care coverage. Go ahead. SPERLING: Frank, we have not taken that off the table. And I'll say right now, today, here, we want to do high-income premium proposal. We think it's the right thing to do. SESNO: As part of the budget deal? SPERLING: We would like to do it as part of the budget deal. If it can't get done, if it cannot be accepted by folks in the House, that's too bad. But I want to make clear, we not only think it's OK, we not only would accept it, we support it, we're advocating for it. We think it's a good reform. What it does is it helps keep Medicare together with this overall package on a long-term sustainable path. SPERLING: And it says that just our higher-income Americans should have less of a subsidy so that we can keep the deficit down and keep the overall Medicare program solvent for the tens of millions of older Americans who rely on it. SESNO: How about raising the age of eligibility? SPERLING: Raising the age of eligibility is a serious issue that unquestionably has to be looked at, I think, for the long term. I think the proposals put on the table so far have fallen short, because they have no plan to ensure we don't lose coverage. We don't want to increase the number of older Americans who lose coverage. That's a step backwards. Maybe at some point in the future there's a way that they can deal with an older retirement age that makes sure that people 65 and 66 still have health care coverage. But until the president is sure of that or have hearings that make sure that that's going to work out, we shouldn't take any risks in that area. PAGE: The Senate budget chairman, Pete Domenici, said this morning that a cigarette tax is part of the deal. Is that correct? SPERLING: We are certainly pressing in every way for a cigarette tax as part of this deal. There is no question. As you know, 3,000 kids a day start smoking; 1,000 of them will die a premature death. A cigarette tax has its best effect on young children. They're the ones where the extra 20 cents might deter them from buying that extra pack. PAGE: Will the money go to the children's health initiative? SPERLING: Let me just put it this way. We are pressing for a cigarette tax, and we are pressing hard for the 24 billion to cover up to five million in children's health care. I don't care how -- whether you say they're connected or they're just both in there. We should have a cigarette tax to 20 cents to deter smoking of young children, and we should have a children's health care package of up to 24 billion so we can try to cover five million of our young children who go without needed medical care. SESNO: Mr. Sperling, isn't it the case that the White House is feeling the pressure to reach a budget deal if you're going to do it, and to do it this week, because if not, there's concern about the signals to the markets and losing momentum, even as your own budget estimates show that the deficit is coming down of its own free will because of this economy? SPERLING: I agree with part of that. We're not in any hurry at -- in terms of this. Today, tomorrow, this week, we're not going anywhere. We're here. We want to get a good deal. If we can get that good deal, then soon, fine. If it takes a little longer, that's also fine with us. But you make a very important longer-term point. There are some out there who are saying that because the 1993 deficit-reduction plan the president passed has been so successful in strengthening this economy and because we've seen the deficit fall so much, that now we should say to the market and everybody, we're complacent, let's go back and hope for rosy scenarios, maybe the budget will balance on its own. But what you're saying is exactly right. If we sent that message, we would be saying to the markets that we're going to have two years of gridlock. That would, I think, hurt investment, hurt interest rates, and I think that would start to undo this economy. Our belief is that without this plan, the deficit will go up significantly in later years. SESNO: OK. On that point, we'll come back, and when we come back, you'll be interested in this one. Just in Time with Adam Zagorin on the Wall Street doomsday scenario. And more questions with the president's national economic adviser. He'll take your calls. We'll be right back. (COMMERCIAL BREAK) SESNO: And welcome back to LATE EDITION. The president's national economic adviser is still with us, but he'll want to hear this first. It has to do with that raging bull market on Wall Street, and actually on markets around the world. But this week, Just in Time with correspondent Adam Zagorin, from our sister publication Time magazine. Adam, the Dow's over 8,000, but you were reporting in this week's issue of Time magazine some anxious planning going on. What's going on here in Washington? ADAM ZAGORIN, TIME MAGAZINE CORRESPONDENT: Well, around town, very quietly, people are planning for the worst and hoping for the best. They don't like to talk about it very much, but some of the most senior officials in the government, Treasury Secretary Bob Rubin, Alan Greenspan, and others, heads of the SEC and CFDC, the Commodities Future Trading Commission, are quietly laying the groundwork in case markets should become disorderly for whatever reason. No one wants to talk about it. No one wants a self-fulfilling prophecy. But they're getting ready. And they have been getting ready for months now. SESNO: What does it mean? What does that entail, getting ready? What would they do? ZAGORIN: Well, they don't know precisely what they would do, because they always say that each financial crisis has its own unique qualities. ZAGORIN: But essentially, if there were a major break in the stock market, one could expect the Federal Reserve perhaps to raise interest rates. What they'd mostly SESNO: Raise interest rates or ZAGORIN: Excuse me, lower interest rates, and zero in particularly on any financial institutions that were experiencing liquidity problems. And they might perhaps be prepared to make emergency loans or funds available to those institutions, keep the flow of money going, keep markets open, reduce panic and allow the market to recover of its own natural equilibrium. SESNO: Finally, two points and very briefly, Adam, if you would. First, is there any real anticipation that something terrible or some kind of a doomsday scenario is imminent? And secondly or even in the immediate future? And secondly, what about the circuit breakers that would control this out of the '87 crash? ZAGORIN: Well, there's nothing on the horizon that anyone can see. But crises of this nature are by definition almost unpredictable. The circuit breakers can -- the market falls a certain several hundred points, the market will stop trading for a half-hour or hour. That can essentially only slow the pace of a decline. If investors are intent on selling, the market will go down. SESNO: OK, Adam Zagorin, thank you very much. Appreciate your time. Back to the National Economic Adviser. You just heard what correspondent Zagorin had to say. Talk about this behind-the-scenes planning. As the national economic adviser to the president of the United States, are you watching Wall Street and worrying? SPERLING: Well, first of all, as a result of the 1987 problem, there were, as you say, circuit breakers and other mechanisms in place. There is a financial markets committee that Chairman Greenspan is on, Secretary Rubin, myself as the national economic adviser are on. Certainly, we talk about a whole lot of things, and of course, try to make sure that you're prepared for anything that happ ens. But that is an ongoing process that happens periodically. Those meetings happen periodically. That has nothing to do -- there's no urgency or anything new going on because the market's been strong. And quite honestly, I think you could have had the same conversation when the market was at 5000, 6000, 7000. So obviously, every investor out there has to make their best prediction on whether they think this bull market would continue. SESNO: Some say the prettier that Cinderella looks, the more you worry about her turning into a pumpkin. (LAUGHTER) Let's go to the phone calls. Susan, we'll let you jump in here in just a minute. But first, a call that seems relevant to both the markets and the budget deal that you're negotiating. Monterey, California, thanks for calling. Go ahead with your question. QUESTION: Good morning. Despite the economy's performance, could a cut in capital gains taxes affect the market's performance on Wall Street? SPERLING: Well, it's hard to know how the market could do a whole lot better than it did. I mean, it was at around 3200 in January, 1993, when we took office. It's over 8,000 now. I think it's the first time it ever doubled in a single presidential term in the SESNO: You're not going to take credit for that here, are you? SPERLING: What's that? SESNO: Are you claiming credit for that? SPERLING: Well, you know, it's interesting.. SESNO: I don't want to get you off on that. I'm sorry. Why don't you go ahead back to the question. SPERLING: I think that our view is that the capital gains tax cut will not have a major impact on the economy to the extent that we are going along with it as mostly as part of a bipartisan budget deal. If we thought it was going to have a major positive impact, we would have been proposing it long ago. PAGE: Let's talk about another proposal for tax linkage, which is the child tax credit, one of the issues under negotiation now in these budget talks. The Republicans would like this child tax credit to be available to people of higher income than the White House would like. Are you willing to give on that? SPERLING: As you know, we have been pressing very hard for a child tax credit. The president proposed it in his '92 campaign. He talked about it in the '96 campaign -- actually in 1994 proposed it. So certainly we want a children's tax credit. Ours phased out at $75,000. They would like it to go higher, cover families who are making 80,000, 90,000, in that area. I'm willing to say right here that we would support that, absolutely. That's not a matter of theology. That's a matter of finding the money. But in covering those children for more upper middle-class families, we are going to absolutely insist that lower-income families families making 22,000, 23,000, nurses, first-year police officers and teachers with two kids -- they have to be covered, too. They work hard. They pay payroll taxes. Their employers pay payroll taxes for them. They pay federal excise taxes. SESNO: So can you say that as a result of SPERLING: They need tax relief, too. SESNO: But can you say that as a result of these talks, then, the administration has gone up in the income range that you'd cover, the Republicans have come down, and you've got an understanding now that this is what this child tax credit will cover, these incomes? SPERLING: Frank, I think that's a good place for us to end up. I think that way -- the way we're ending up is we're covering more children. SESNO: Are you there? SPERLING: I hope we're going to get there. SESNO: OK. Well, that's going to be a good place for us to end up right here and right now. MORE XXX and right now. SESNO: Gene Sperling, thanks very much for coming in. As these negotiations continue, we hope you'll stay in touch with us and keep our viewers informed as to what's happening. SPERLING: Well, thanks for having me, Frank. SESNO: Appreciate it. Well, up next, our political roundtable of Blankley, Roberts and Ms. Susan Page will take apart some of this. Stay with us. (COMMERCIAL BREAK) SESNO: And welcome back to LATE EDITION. Time now to go round the table with Susan Page, still with us, White House correspondent for USA Today; Steve Roberts, columnist for the New York Daily News; and Tony Blankley, CNN contributor, contributing editor for George Magazine as well. OK, well, we heard the budget discussion here, that they're on the threshold; maybe, kind of, sort of; they're going to keep talking about it. But they've started to move in this way or the other. But the question really is to who wins out of this and who needs how much. I am told, for example, that the Republican rebels who revolted against Newt Gingrich a few weeks ago said that they were livid over this indexation thing that Blankley and others were about to give away and that the 20 percent -- what did I say? BLANKLEY: You said Blankley and others. (LAUGHTER) SESNO: Isn't that awful? I meant Newt Gingrich. BLANKLEY: I'd never give it away. (LAUGHTER) SESNO: You'd never give it away. But that their bottom line now with Newt Gingrich -- sorry, Tony -- with Newt Gingrich was that they had to have a 20 percent maximum capital gains on top-income earners. Looks like they're going to get it. ROBERTS: I think they will get it. Look, the winners here are everybody who's an incumbent who signs on to this deal. The White House wins. The congressional leadership wins. One of the things that is amazing to me is these Republican dissidents who you talk about. They can't take yes for an answer. It's basically a Republican bill. It is basically Republican principles embedded in this, and they keep complaining that they haven't gotten everything. But they've gotten a lot of what they've wanted. Clinton's playing on their turf. I think they get a lot of credit for it. PAGE: They not only need a deal, want a deal, but they need it now. I think they need this to come. together this week before the Congress goes out on recess, the momentum goes away. And they come out with this mid-term deficit forecast in the middle of August that's going to be so low that it's going to prompt a lot of people to say why make a deal. SESNO: But Tony, we heard Gene Sperling here saying, well, you know, we're not so anxious for this. We'll take it now if we can. BLANKLEY: Let me tell you. I mean, as you know, on this show a couple months ago, I anticipated the president would eventually veto the tax bill. I'm still not convinced I'm wrong on that. The one group that doesn't want a deal are the congressional Democrats. Now, Clinton doesn't care about Gephardt. I think that's pretty clear. He cares about Daschle. From what I'm hearing, Daschle is in a very go slow mood in the negotiations because he doesn't want to have a tax cut, because in fact, for Democrats, they want to be able to challenge the Republican Congress next election. So ROBERTS: If you remember, when you said that, I said you were wrong. And I still say you're wrong, because BLANKLEY: And I hope I'm wrong. ROBERTS: because I think that it's in very much in the president's interest to get a deal for three reasons, Frank. First of all, the bill does have some things that he cares about, like tax credits on education. He gets to send a signal to the market. Gene Sperling made an important point in your discussion that this keeps things going, you know. They're saying we're not going to be budget busters. We're going to keep the interest rates low. And third, he gets to inoculate the Democrats against the charge that they're tax and spenders, which -- I had a conversation with the president about this recently. He said that the congressional Democrats are wrong to take the line they're doing. He's right by saying we need a deal that's politically better. PAGE: But he inoculates himself and he inoculates Al Gore SESNO: Al Gore. PAGE: but he does not -- the degree to which the president cares about protecting congressional Democrats, I mean, I think we've already learned that lesson in so have they. They're not even allowed into these negotiations at this point. BLANKLEY: Well, Daschle's got a voice in that, absolutely. But if you listen closely to the previous guest, while he was saying, yes, the deal's set on the spending side, he was leaving a lot of wigg le room when it came to the tax deal. He said, well, we have to wait for the right deal. We'll be around this week, this month. I didn't sense -- and if I were a Republican negotiator now, I wouldn't take any comfort from the language coming out of the administration. SESNO: Well, Tony, I think you're right. I think that's exactly what is motivating Trent Lott to say we're not there yet. We need to hear more from the president. The president needs to engage. He's out on the West Coast, but -- and of course, you heard Sperling say, well, you know, we're BLANKLEY: Yes, I'm here in the White House. (LAUGHTER) ROBERTS: I think this is all negotiating tactics. I think this is all to say we're not in a hurry. That's a way of trying to push the ball a little bit farther to their side. I say within a week th e bill is going to be passed, and the president's going to sign it happily. SESNO: Steve Roberts, you wrote something very interesting focusing back on the congressional types again. And you wrote: "Why are so many people in the caucus" -- the Republican Congress -- "upset with Newt Gingrich is moving forward. The real unhappiness is about their own reelection prospects in 1998. Despite the displays of unity this week, they look at the year ahead and see Gingrich as an albatross they can't afford to carry." ROBERTS: Well, that's a column that my wife and I wrote together, and we talked to a lot of people SESNO: Who's your wife? ROBERTS: She's well-known. Actually a little-known TV performer. (LAUGHTER) BLANKLEY: Working for another network. ROBERTS: Yes, working for another network. And we did this column together. We talked to a lot of Republicans on the Hill, and there is a concern. Gingrich's poll numbers are still low. They can write the ads right now. They can see those ads, you know, this guy is a Gingrich clone, try to link them together. The irony here is that the president needs Newt Gingrich. At the very same time the Democrats are talking about running against him, the fact is he needs him. He needs him strong, not weak. And he needs him to make a deal. SESNO: Tony says -- and let me tell you what one congressional Republican told me. He said that at a meeting with the leadership last week, the day before that big, you know, mea culpa session where Newt read from the Bible, but he thundered that no one -- if anybody tries to vacate the chair again or pull a move like that, I will see that they are defeated with our money. BLANKLEY: Well, look, I've always thought that Newt was more of an eagle than an albatross. And in the end, Newt's not popular around the country. (LAUGHTER) But keep in mind, the Democrats tried that in the last election cycle. They morphed Newt into every Republican candidate challenger. Republicans still won, still got the Congress, over 50 percent of the vote. Yes, Newt would, I'm sure, love to be vastly popular. SESNO: But realistically, what's the albatross quotient? BLANKLEY: I see nothing, but eagle feathers. PAGE: What animal do you think Newt Gingrich is like? (LAUGHTER) SESNO: I'm not getting into this. Forget it. (LAUGHTER) Is there a reality to this? PAGE: There's a historical kind of irony to this, which is this is going to be the sixth year of a presidential term. Every time that's come up in modern times, the party that holds the White House has lost big in the Congress, especially in the House. And it's interesting that this doesn't seem to be in the works this time. I mean, we seem to be looking at a situation where it's possible that the Republicans could lose their BLANKLEY: Wait, you say it's not in the works. Now, while we don't know what's going to happen PAGE: Do you think big Republican gains are in the works for '98? BLANKLEY: Well, wait a second. While we don't know what's in the future, we can't look that far in advance. So far, you're seeing the same pattern you saw in the last elections where the Republicans are doing better in recruiting. They've already got 34 opponents for the 46 key Democratic target districts. Democrats are doing bad in recruiting. They don't have good candidates. They don't have as many of them. Republicans are raising more money. All the normal indicators is that the Republicans are moving towards a good election cycle. SESNO: OK, I've got to jump in. We've got to take a very quick break. We will come back, one more trip around the table, after this. (COMMERCIAL) SESNO: And welcome back. One more trip around the table here with Blankley, Page and Roberts. Now, to talk about William Weld, a governor from the state of Massachusetts, a Republican -- or so he says. He says certain things about the medicinal use of marijuana. And then, the president says why don't you be my ambassador to Mexico. Well, Jesse Helms has a little problem with that. Today, Trent Lott said this thing is in big trouble, that Weld has shot himself on the foot, comments he made not helpful. Daschle says, on the Democratic side, we're going to fight for this. ROBERTS: Well, of course, Daschle wants to fight for it, because as Tony points out, the Republicans have been successful in recruiting in recent years. They've run good congressional campaigns. But one of their biggest potential problems is being labelled the party of right wing conservatives in the same way the Democrats were labelled the McGovernite liberals for so long. And when Jesse Helms says to Bill Weld, Republican, good standing from Massachusetts, he's not my kind of Republican. There are a lot of Republicans, including a lot of women, who look at that and say Jesse Helms is not my kind of Republican. That's a big potential problem for the Republicans. BLANKLEY: You know, I think this Weld business is fascinating, because I don't think he's a fool. I think he understood what he was doing when he was -- when he spoke up. My hunch is -- I don't know this -- my hunch is that he's playing a very long-term game. He's a young man. He may be looking for 2004, because he can't get the nomination of the president with the current structure of the party. But if the current structure delivers a loser for the third time in a row in 2000, then they may start looking at what do we need to win, and that would be the moment for Weld. So he may playing a much longer-term game than we think. PAGE: That is pretty long-term. This is sort of a dilemma for President Clinton, frankly, who -- the White House is not inclined to expend a lot of political capital to make sure that Bill Weld gets to be ambassador to Mexico. But Weld put some steel in the president's back by publicly insisting that the nomination go forward. And in -- but Clinton is not inclined to do recess appointments, to bypass Chairman Helms. I mean, it'll be interesting to see. SESNO: What are they saying? What are they going to do over there? What are they saying? What are they telling you right now? PAGE: Well, I don't know what they're going to do, but what they're not going to do is make this their number-one cause on Capitol Hill. BLANKLEY: I mean, Weld's not going to get it. Everybody knows that ROBERTS: They want Helms out there, speaking in sort of anti- Weld terms. They like that politically. But they have other fish to fry with Jesse Helms. He could hold up a lot of other nominations that they really do want. SESNO: And there are a lot of. ROBERTS: And they've got to be careful about. SESNO: And there are a lot of other nominations out there. And with that, I will thank Steve Roberts, Susan Page and Tony Blankley. Great to see you, as always. When we come back, Bruce Morton has his Last Word. (BEGIN VIDEO CLIP) U.S. REPRESENTATIVE RICHARD GEPHARDT (D-MO), HOUSE MINORITY LEADER: Our new speaker, the gentleman from Georgia, Newt Gingrich. (APPLAUSE) (END VIDEO CLIP) SESNO: The gavel won by Newt Gingrich in 1994 weighs heavy in his hands three years later. We'll take a look. (COMMERCIAL BREAK) SESNO: And welcome back to LATE EDITION. Bruce Morton joins us now with his Last Word, as always. Bruce. MORTON: Well, Frank, the most analyzed man in town, I guess, is Newt Gingrich. Now it's my turn. (BEGIN VIDEOTAPE) Newt's in trouble, the town buzzed. Plots thicken. Et tu, Armey. Et tu, too, DeLay. Well, what a week it was. But amid all the involved explanations of who did what to whom, you may missed the simplest reason why Gingrich, once loved by his Republican colleagues, got to be so unloved. The fact is his job changed. The Newt House Republicans loved was the Newt who had a vision, the minority leader who came up with a poll-tested winner in the Contract With America and saw his troops become the majority in the 1994 elections. That kind of leadership demanded one set of skills: articulate a goal, fire up the troops, storm the castle, and watch the walls come tumbling down. Being speaker with a tiny majority is a very different job. It involves doing something nice for Fred because half a dozen members will vote with him and something nice for Janet because she has three or four votes, too. It involves teaching firebrand conservatives that they can't have 100 percent of everything right now, because politics doesn't work that way. It involves being kind to moderates, because the party n eeds to grow in the North and East. It involves not getting outmaneuvered by the wily Democratic politician in the White House. It involves networking, details. Tip O'Neill, for instance, was very good at that and left the vision stuff to others. Maybe Gingrich is more like Ronald Reagan, who could preach wonderfully and would then leave the details to somebody else. Early in his first term as speaker, Gingrich remarked that he often didn't know just what the House was taking up on a given day. Then Senate leader Bob Dole, who was with Gingrich, looked shocked. Dole, like O'Neill, was Mr. Inside, adept at making the place work. Gingrich, like Reagan, may be best as Mr. Outside, firing up the troops. They are two quite different jobs, and being good at one doesn't guarantee success in the other. (END VIDEOTAPE) SESNO: Bruce, Susan turned to me -- Susan Page turned to me in the last discussion and said, "What animal do you think Newt Gingrich is?" It's not exactly an animal, but what about a phoenix, rising again? MORTON: Well, I think his problem is that he really is impatient with minutiae of running the House. You know, that's very local politics, a favor for so and so, a favor for so and so. And I think he wants to get out there and lead a grand charge again. What they need to do now is find a couple of issues around which that charge can be led. SESNO: Out of power, he was a bomb-thrower. In power, he's got to do something different. So does his membership. MORTON: Well, that's exactly right. You can't just be Oliver Cromwell's army and say, you know, we win it all right now. It doesn't work that way. It never has. SESNO: How do you see him fighting back and regaining some public stature? MORTON: I think if there is a budget deal, then everybody can go home and campaign as Mr. Tax Cut. And a rising tide will re-elect a lot of congressmen. SESNO: And Newt rides back into town triumphant. We'll see. (LAUGHTER) Bruce Morton, thanks very much. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO ) CREATION DATE/TIME:28-JUL-1997 09:04:06.00 SUBJECT: CNN: Inside Politics, 7/26/97 TO: Michael Waldman@eop (Michael Waldman@eop [WHO]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO ]) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Stuart Schear@eop ( Stuart Schear@eop [ WHO ]) READ:UNKNOWN TO: steven j. naplan@eop (steven j. naplan@eop [ NSC READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop (Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO 1) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [OA]) READ:UNKNOWN TO: Jason S. Goldberg@EOP ( Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO ]) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO 1) READ:UNKNOWN TO: Michelle Crisci@eop ( Michelle Crisci@eop [ WHO ]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: [email protected]@INET@LNGTWV ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN ) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop ( Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [ OPD ) READ:UNKNOWN TO: Laura D. Schwartz@eop ( Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [WHO]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP (Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop ( Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop ( Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO 1) READ:UNKNOWN TO: Paul K. Engskov@eop ( Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ]) READ:UNKNOWN TO: Lori Anderson@eop ( Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 28-JUL-1997 08:52:00 Inside Politics Weekend: INSIDE POLITICS WEEKEND Welcomes Senators Robert Torricelli , Thad Cochran and Senior Adviser to the President Rahm Emanuel Aired July 26, 1997 - 7:30 p.m. ET WOLF BLITZER, CNN HOST: Thanks for joining us for our weekend look inside politics -- the events, the issues, the battles, the bytes. If you're looking for the program "PINNACLE," it can be seen at 6:30 p.m., Eastern on Sunday this week with George Plimpton. It was a busy week on Capitol Hill. The Republicans had their turn in the hot seat at the Senate campaign fund-raising hearings. The target -- former RNC Chairman Haley Barbour. The goal -- to show Republicans raised money the same way the Democrats did from overseas sources. Did the strategy succeed? We'll ask two members of the Governmental Affairs Committee, Senators Robert Torricelli of New Jersey and Thad Cochran of Mississippi. Then we'll look at the latest budget developments from capital gains to estate taxes. How do you spell relief? We'll talk with senior adviser to the president Rahm Emanuel. Later, Bill Schneider joins us with the story behind the story. And finally, we'll hear from Political Humorist Mark Russell. But first, did Democrats call their first truly high profile witness of the hearings, Haley Barbour? Here's how Senator John Glenn laid out the Democrats' case when the hearing started in early July. (BEGIN VIDEO CLIP) JOHN GLENN, SENATOR, (D) GOVERNMENT AFFAIRS COMMITTEE: The National Policy Forum was established in 1993 as a think tank to develop Republican ideas and policies. Republican officials claimed that it was independent of the party and, thus, would not be subject to the laws and regulations that apply to the Republican National Committee and other political organizations. In fact, the National Policy Forum was an arm of the Republican National Committee. It was a subsidiary in the words of a top Republican official. One way the Republicans used their subsidiary was for what can only be described as a laundering of illegal foreign money. (END VIDEO CLIP) BLITZER: At issue, a loan guarantee from the U.S. subsidiary of a Hong Kong company to the National Policy Forum. The Forum used the money to guarantee other money that it owed the National Republican Party. And that in turn, say the Democrats, allowed the RNC to spend more money on advertising just before the 1994 Congressional elections. Barbour emphatically denies he did anything wrong. (BEGIN VIDEO CLIP) HALEY BARBOUR, FORMER RNC CHAIRMAN: The fact of the matter is everything that the Republican National Committee did and everything the National Policy Forum did was perfectly legal and proper, whether or not I knew the money had come to Hong Kong. (END VIDEO CLIP) BLITZER: And joining me now, Senator Robert Torricelli of New Jersey who joins us from our New York Bureau, and Senator Thad Cochran, Republican of Mississippi who joins us here in Washington. Senators, thank you so much for joining us on INSIDE POLITICS WEEKEND. Senator Cochran, knowing what you know today, do you think Haley Barbour did the right thing in organizing this loan guarantee to this Republican Party Forum? THAD COCHRAN, SENATOR, (R) GOVERNMENT AFFAIRS COMMITTEE: Well, it seems that he was absolutely right in what he told the committee. The facts do not support the charges that were made by Senator Glenn at the beginning of these hearings that the National Policy Forum was established to launder foreign money. That was not the purpose. The purpose was to conduct meetings around the country, to get feedback from citizens about the issues they were concerned about, and what they thought that that would determine what they ought to do about it. That was clearly established by the evidence, and it was not a subsidiary. It was not an arm of the RNC for the purpose of raising money or funneling foreign money anywhere. BLITZER: But when it repaid that money that it owed to the RNC, didn't that allow in effect money to be used in that 1994 campaign that otherwise, had that Hong Kong money not gone to the National Policy Forum, that money would not have been available? COCHRAN: That was the charge that was made by the Democrats. But it was not supported by the evidence. It was clear that there were ample funds for the Republican National Committee to spend in the closing weeks of the campaign in 1994 whether that loan was repaid or not. BLITZER: All right, let's hear from Senator Torricelli. Was all this as kosher as Senator Cochran and Haley Barbour insist? ROBERT TORRICELLI, U.S. SENATOR, (D-NJ): Well, Wolf, it may or may not have been legal. But I don't think anybody could believe it's proper. When you have the chairman of the Republican Party sitting on a yacht in Hong Kong Harbor talking to a foreign national about having his board of directors approve $2.5 million to be sent to an arm of the Republican National Committee, something is wrong. My hope for these hearings is that Democratic and Republican leaders would both come forward, admit what was wrong. We get all this out in the open so we can change the laws and fine those who are responsible and make sure it never happens again. I've been urging leaders of the Democratic Party to do so. I think Haley Barbour made a real mistake coming forward and trying to defend these activities. They are not defendable. This is $2.5 million of foreign money that only weeks before the 1994 elections made a real difference in these campaigns. The filings of the Republican National Committee in October 20th, 1994 indicate they only had $700,000 left 19 days before an election. They were in financial trouble, and this money bailed them out. BLITZER: But Senator Torricelli, the money, as far as you can tell, all this was legal with this loan guarantee going to the National Policy Forum. TORRICELLI: I don't think it's for me to say ultimately whether or not it was legal. That's a question for the Justice Department. It is, I think, my role and others in the Congress to say this isn't how we want to run national elections. We cannot be having money funnel into the Democratic and Republican parties that are so decisively controlling some of our own elections. BLITZER: All right, Senator Cochran, some of that money that the Hong Kong businessman, Ambrous T. Young lent -- guaranteed to the National Policy Forum, which was affiliated with the Republican Party -- that was not repaid. It was defaulted. He lost $800,000. Does the Republican Party in your opinion, Senator Cochran, does the Republican Party have an obligation -- a moral obligation to repay Ambrous T. Young that $800,000? COCHRAN: Well, you'll have to remember that the Republican National Committee was not actually a party to that loan. It was a guarantee of a loan that was extended to the National Policy Forum by a bank. The guarantee came from a Florida corporation, and lawyers said that this was a legal arrangement. There was nothing wrong with it. And Haley Barbour indicated that he made no commitment. There was no guarantee. There was no security put up to protect Young Brothers of the Florida corporation who guaranteed the loan. The eventual outcome was a settlement -- a compromise. And that's the way it stands now. One of the lawyers who testified represents Young Brothers, and he wanted the loan repaid because he had assured them it was a no-risk loan. BLITZER: But morally, do you feel comfortable with the Republican -- at least Republican activists defaulting on $800,000 to this Mr. Young? COCHRAN: This was a National Policy Forum obligation. It was not paid back. They didn't pay back the RNC over $2 million that was loaned to it. To say that somehow the RNC benefited financially from this arrangement is just an outrageous distortion of the facts. BLITZER: All right. Senator Torricelli, an outrageous distortion of the facts that the RNC benefited at all from this $2.1 million loan guarantee. Did the Republican Party -- the RNC benefit at all from this foreign money? TORRICELLI: Well, I think, Wolf, you have to remember the circumstances. You're 19 days away from the 1994 elections. The entire Congress is now at stake. A decisive national election. The Republican Party had $700,000 in the bank. Some days in late October, it actually had a negative balance. It was out of cash. It arranged to get $1.6 million from the National Policy Forum which was Mr. Young's money, and that money went to 21 different states, influenced 26 Congressional elections. Some of those Democratic members of Congress lost by 3,000, 5,000 and 10,000 votes. You'd have a hard time telling those defeated members of Congress that this money wasn't decisive and made all the difference. BLITZER: Well, Senator Cochran, didn't the Democrats succeed in what clearly was their strategy -- to show that everyone does it. The Democrats do it. The Republicans do it. In effect, playing down the obvious impact of these hearings which goes against the Clinton Administration's efforts to raise money from overseas sources. COCHRAN: Well, if this were a baseball game, Wolf, and you said the Democrats were now up at bat to present the case against the Republicans, you'd have to conclude that they struck out. BLITZER: Why did they strike out if COCHRAN: There was no evidence of any illegal acts. BLITZER: But the former COCHRAN: No illegal transaction whatsoever was identified in the evidence that was presented this week. There was absolutely no evidence of wrong doing. They can charge this as long as they want to and say these things. Some senators are saying over and over again, but it doesn't make it true. BLITZER: So there you are, Senator Torricelli, no net gain politically for the Democrats this week? TORRICELLI: Well, you know the facts just out, Wolf. Yesterday, you had Mr. Richards, a former chairman of the Republican National Committee saying Haley Barbour was told this was foreign money. He knew where this was coming from. The money was requested because they were getting close to the 1994 elections. They have a former chairman of the Republican National Committee basically contradicting what my friend, Senator Cochran, is saying and totally contradicting Haley Barbour. My regret in all of this is if the difference where we are right now is we had leaders of the Democratic Party come forward. I hope they're going to admit what was wrong, hold those who were responsible and move on. I think the Republicans COCHRAN: Nobody had come forward voluntarily to testify like Haley Barbour did, and you're criticizing him and saying that he made a mistake by doing so. There are 50 people taking the Fifth Amendment or disappearing from the country who won't talk about the presidential election campaign. BLITZER: Okay, Senator Cochran, that has to be the last word. Senator Torricelli, thanks to both of you for joining us. TORRICELLI: Thank you, Wolf. BLITZER: The subject is not going away. Both of you will be back. And when we come back, we'll talk with Rahm Emanuel, Presidential Senior Policy Adviser, and we'll get the White House view on the budget negotiations. Stay with us. (COMMERCIAL BREAK) BLITZER: Welcome back to INSIDE POLITICS WEEKEND. White House and Congressional budget negotiators have been meeting this weekend trying to work out several tough issues, including budget tax cuts. Rahm Emanuel, senior adviser to President Clinton, joins me now with the White House view. Mr. Emanuel, thanks so much for joining this weekend. Is there going to be an agreement this week? RAHM EMANUEL, WHITE HOUSE SENIOR POLICY ADVISER: Well, the timing is not so much important as what is in the agreement. That's what we're working towards meeting the president's objective for a balanced budget agreement. BLITZER: If you had to place a bet, would you say that they're this close that within the next 24 to 48 hours that there will be an agreement at least in principle? EMANUEL: You know betting's illegal Wolf. I'm not going to place a bet. I think what's important is not the timing so much as what we get done. The president laid out some very specific objectives. He wants to see health insurance for children. He wants to see the largest increase in education in thirty five years. He wants to see the life span of Medicare extended for another ten years. He want S to see a middle class tax cut. BLITZER: Well, let's get to the Medicare question. (OFF-MIKE) Medicare recipients to pay higher premiums. Will that be included in this deal? EMANUEL: Well, it's been clear that he wants it in the deal. He thinks it's very important to be part of this deal, and he thinks it's also important that as we move forward, if it's not that this will be something in the future as we look to entitlement reform that it be part of. BLITZER: So it sounds like there's some flexibility as part of this deal on that issue. EMANUEL: Let me be clear. As he said the other day, I can't say it any clearer than the president. He thinks it belongs in this deal. It's important. That we have accomplished a number of things in Medicare, one is $400 billion in savings, new preventive measures, new choices for senior citizens. BLITZER: All right, let's move on to the next contentious issue -- a cigarette tax. Twenty cent per pack -- do you think that will be in this deal? EMANUEL: Again, let me be clear. The president said it should be part of this. He said it just the other day. It accomplishes two very important goals. One, it helps us in our efforts to cut teen smoking. Two, it will help go for children's health and other children's needs. That's very important. BLITZER: But if you include that $15 billion in a 20 cent per pack cigarette tax, you're not going to get $85 billion in net tax cuts. You're going to get $70 billion. EMANUEL: I think the president said it just the other day, and I need not expand on it. He wants it as part of this agreement. He thinks it's important BLITZER: So what about the $85 billion commitment? You committed to the Republicans there would be $85 billion in net tax cuts? Are you willing to move away from that commitment? EMANUEL: No. We have a commitment toward $85 billion. We have a commitment towards a tax cut that represents the needs of middle class families, and that's one of our clear objectives. We want a tax cut that works within the boundaries of a balanced budget agreement, represents the needs of middle class families BLITZER: But will the cigarette tax be outside that $85 billion? EMANUEL: Wolf, as you know, they're negotiating right now. And they're negotiating on what the president wants in this balanced budget agreement. It's an historic time to accomplish our goals. And as they negotiate, they're going to be very clear that we want this part of the agreement because of what it accomplishes for the country. BLITZER: All right, what about the capital gains tax cut? Does the president support a broad based capital gains tax cut? The Republicans want to reduce it from 28 percent to 20 percent. EMANUEL: Right. The president, as you know, on June 30th proposed his entire BLITZER: Which was a modest reduction -- very modest. EMANUEL: He proposed his capital gains tax cut. But in the context of his entire tax package, that tax package represented his objectives in a tax plan for higher education and helping middle class families raise their children. We had one. We had a gesture. It's clear it's part of their priorities and one of the things they're fighting very hard for. We recognize that. But one of our priorities is making sure in the bottom line that a tax cut represents middle class family needs, and that is helping them raise children and send them to college. BLITZER: If they're willing to eliminate indexation for inflation, would you be willing to meet them halfway on the percentage that you'll go for a broad based capital gains tax cut? EMANUEL: That's for the negotiators to handle, and I'm not going to negotiate BLITZER: Is indexation going to be in this agreement? EMANUEL: The president's been clear about what he -- his views of indexation. He wants a balanced budget BLITZER: Will he veto if it's in there? EMANUEL: A tax cut has to be BLITZER: Will he veto if it's in there? EMANUEL: Wolf, the tax cut has to live within the boundaries of the balanced budget agreement. Indexing makes that very difficult. BLITZER: So he will veto if there's indexing? EMANUEL: He makes the judgment on vetoing -- not me. BLITZER: The Republicans have been insistent that the $500 per child tax credit should not go to those families where the families pay no federal income tax. You want those people to get that, and the Republicans say that's simply more welfare. Where's the room for a compromise on the $500 per child tax credit? EMANUEL: Well, there's a number of places. First of all, let's go back to a little history on BLITZER: We don't have much time. We only have less than a minute. EMANUEL: We believe the law enforcement officers and the nurses and teachers who earn in the area of $18,000 to $28,000 deserve a family tax cut. They have children. They need the support from this tax cut. They have worked hard. They BLITZER: But don't they already get it under the earned income tax credit? They don't pay any federal income tax? EMANUEL: Well, it was also in the Contract With America. And as other Republicans have said, these are people who are hard pressed, and if we're going to have a tax cut the hard pressed working families of this country deserve it. BLITZER: So where is the compromise on the $500 per child.tax rate? EMANUEL: Our principles are clear that we think the middle class families and those middle class families deserve a tax break, and they deserve a per child tax cut. BLITZER: Do you think the Republicans will cave on that issue? EMANUEL: Well, I'm not going to tell you what I think they're going to do. I can tell you what I think is our objective, and that's what we're going to seek through in this tax plan. BLITZER: OK, Rahm Emanuel, good luck in these negotiations. EMANUEL: Thank you. BLITZER: Thanks again for joining us. We'll see you at the White House during the week. And up next, Bill Schneider has the "Story Behind the Story." Let's hear it for the rational exuberance mode. Stay with us! (COMMERCIAL BREAK) BLITZER: Welcome back to INSIDE POLITICS WEEKEND. Joining us now as he does every weekend, our favorite political analyst, Bill Schneider. Is Haley Barbour in any trouble because his testimony was contradicted the next day by another Republican? WILLIAM SCHNEIDER, POLITICAL ANALYST: Well, the word is, the Justice Department may be looking into whether he deliberately misled Congress. Contempt of Congress, you may be surprised to hear, is a federal crime. BLITZER: And speaking of Republicans in trouble, what about Newt Gingrich? He had a problem a week ago. Has he put that problem to bed? SCHNEIDER: Well, the Republicans had a revival meeting, and his position as leader is apparently secure for the time being. And those are a lot of conditions he's got to deliver to his fellow Republicans, and that's why he wants to deliver their cherished tax cut. BLITZER: All right, let's take a look at the economy for a second. The president wants credit for the booming economy. The Republicans want credit, but Alan Greenspan deserves some credit too, doesn't he? SCHNEIDER: Well, remember last December when Greenspan played "The Grinch Who Stole Christmas." He talked about the irrational exuberance of the stock market and stock prices promptly took a tumble. Well, this week, he testified before the House and Senate Banking Committee's, and he sang a new tune. Let's look at the "Story Behind the Story." (BEGIN VIDEOTAPE) ALLEN GREENSPAN, FEDERAL RESERVE CHAIRMAN: The recent performance of the American economy, characterized by strong growth and low inflation, has been exceptional. And better than most anticipated. SCHNEIDER (voice-over): Sounds like rational exuberance. In December, it was widely believed Greenspan was trying to send a message: Cool it! What's Greenspan's message now? Remember back in early May, when the White House and Republican Congressional leaders struck a balanced budget deal? That deal happened because the Congressional Budget Office announced $225 billion in extra revenues as a result of stronger than expected economic growth. Well, now the White House and Congress are putting together the details of that budget deal. Once again, rosy economic scenarios are making it much easier. Suppose Greenspan had stuck with his irrational exuberance line, or called for higher interests rates to slow down the economy. That would not only have shaken up the stock market, it would have endangered the budget deal in its delicate, final stages. And one thing Greenspan does not want to do, is endanger a budget deal. GREENSPAN: A fiscal policy oriented toward limited growth in government expenditures, producing smaller budget deficits, and even budget surpluses would tend to lower real interest rates even further, also promoting capital investment. SCHNEIDER: Sure enough, Greenspan's remarks propelled the stock market to a new record high as if to say, "yeah, we got the message." Congressional negotiators got the message too. NEWT GINGRICH, HOUSE SPEAKER: I think we're on the verge of getting the balanced budget agreement. (END VIDEOTAPE) SCHNEIDER: But, some people are asking if the economy is so strong, why not do nothing. Why do we need a budget deal at all. The deficit will disappear on its own as the revenues come rolling in. Well, the White House says a budget deal would be, "an insurance policy," just in case the economy slows down. That's a long way from the argument we've been hearing for years. If we don't get a budget deal, they've been saying, then we're all going to go to hell. BLITZER: Thanks, Bill Schneider, we'll see you again next weekend. And coming up next, Mark Russell's view of politics. Here's a preview. MARK RUSSELL, POLITICAL HUMORIST: The movie "Contact" is all about a network's attempt to contact an audience. (COMMERCIAL BREAK) BLITZER: And now time for Mark Russell. RUSSELL: And we're back at the Monocle. You know there are a lot of motion pictures filmed in Washington in the past few years, and in none of them does the city come off well at all. Remember Independence Day last year, big box office smash. Why? Because Washington, New York City and Los Angeles were totally obliterated. You give the people what they want and they'll turn out for it. Right now, there's a Steven Spielberg thriller being filmed here in town called, "Deep Impact." As I understand it, it has something to do with a comet plowing into Washington, D.C., doing almost as much damage as the mayor. And, then there's the movie "Contact," starring Jodie Foster and 13 CNN correspondents causing the critics to yell, unethical. Yes, indeed, the critics are stuck for a word. And so, the CNN management has ordered all CNN correspondents not to appear in any more movies, which is really a disappointment to all of us who kind of looked upon John Sununu as the next Jimmy Stewart. And, do you remember the Jodie Foster movie, Silence The Lambs, and that sinister character Hannibal the Cannibal was played by Anthony Hopkins. That's because my friend Bob Novak was unavailable. (LAUGHTER) So the president, the president of CNN says that he thought it was a good idea at the time to put his people in the movie as sort of a promotion opportunity here in the summer when the news audiences are, well, a little bit down. How down are they? Well, the Senate Committee on Fund-Raising may have to go door to door. (LAUGHTER) BLITZER: OK, Mark Russell, thanks again. That's all the time we have for this edition of INSIDE POLITICS WEEKEND. Sunday at noon, "LATE EDITION WITH FRANK SESNO" looks at the latest on the budget deal. That's Sunday at noon. For now, thanks very much for watching. Enjoy the rest of your weekend. I'm Wolf Blitzer in Washington. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO ) CREATION DATE/TIME:28-JUL-1997 09:04:10.00 SUBJECT: CNN: Evans & Novak, 7/26/97 TO: Michael Waldman@eop (Michael Waldman@eop [ WHO ]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO 1) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [.WHO]) READ:UNKNOWN TO: Stuart Schear@eop ( Stuart Schear@eop [ WHO 1) READ:UNKNOWN TO: steven j. naplan@eop ( steven j. naplan@eop [ NSC ) READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO 1) READ:UNKNOWN TO: Lorraine L. Wytkind@eop (Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO ]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop (Daniel J. Gunia@eop [OA]) READ:UNKNOWN TO: Jason S. Goldberg@EOP ( Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO 1) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO ]) READ:UNKNOWN TO: Michelle Crisci@eop ( Michelle Crisci@eop [ WHO ]) READ:UNKNOWN TO: Jill M. Blickstein@eop (Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop (Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [OPD]) READ:UNKNOWN TO: Laura D. Schwartz@eop ( Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO ]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [WHO]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP ( (Heidi Kukis@OVP@EOP [ UNKNOWN D READ:UNKNOWN TO: Russell W. Horwitz@eop ( Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO ]) READ:UNKNOWN TO: Paul K. Engskov@eop (Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ]) READ:UNKNOWN TO: Lori Anderson@eop ( Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 28-JUL-1997 08:48:00 Evans & Novak: EVANS & NOVAK Speak With Former Republican National Chairman Haley Barbour Aired July 26, 1997 - 5:30 p.m. ET ROBERT NOVAK, HOST: I'm Robert Novak. Rowland Evans and I will question a major Republican figure in the campaign fundraising investigation. ROWLAND EVANS, HOST: He is former Republican National Chairman Haley Barbour. (BEGIN VIDEO CLIP) EVANS: Political sparks flew as the minority Democrats controlled three days of hearings in the Senate problem of alleged campaign fundraising illegalities. A top Republican swore there was nothing illegal about a 1994 Hong Kong loan to a Republican think tank called the National Policy Forum. HALEY BARBOUR, FORMER RNC CHAIRMAN: The first and most important fact is that the National -- is that everything the National Policy Forum did, was legal and proper. EVANS: The senior committee Democrat was having none of that. JOHN GLENN, SENATOR, (D-OHIO): We can dance on the technicalities of this, but it came in. It was foreign money and that's it. EVANS: That angered Republicans, one of whom attacked Senator Glenn. PETE DOMENICI, SENATE BUDGET COMMITTEE CHAIRMAN: You muddled up as if this was illegal when you know it wasn't illegal. EVANS: But Barbour's denial, that he knew the loan would come from Hong Kong, was contradicted by the very Republican who arranged. UNKNOWN: The only thing I told him is the money would be transferred from Young Brothers, Hong Kong, to Young Brothers. U.S.A. EVANS: And even Chairman Thompson, referring to the close relationship between the think tank and the Republican National Committee, was skeptical. FRED THOMPSON, SENATOR, (R-TN): And the fact that you provided the seed money would make any appearances of any foreign involvement that much more radioactive. (END VIDEO CLIP) EVANS: Mr. Chairman, the Washington Times, not known as a Clinton liberal apologist, had a headline on Saturday morning this "Haley Barbour sought use of foreign funds for the GOP," unquote. In retrospect, sir, don't you regret just a little bit, going to Hong Kong for that money for the NPF? BARBOUR: Rowlie at the time the loan was made to the National Policy Forum by Signet Bank and it was guaranteed by Young Brothers Development, Florida. Young Brothers Development, Florida, had been a contributor to the Republican National Committee for years, long before I was chairman of the RNC. At the time, my understanding was that they were allowed, that they were eligible as an American company to make contributions to the RNC. I said that at the time. That was the fact that we thought -- you know all the witnesses that the Democrats chose, not to call yesterday -- during this week, all told them the same thing, that that's what they thought, that's how we proceeded. Mr. Denning, Mr. Reed, Mr. Fierce, all whose names were mentioned, they all said the same thing I said. The fact of the matter, though Rowlie, either way, it was perfectly legal. Either way it was perfectly legal. If it had come from Hong Kong or not come from Hong Kong, it was legal. That was not the point. The point is what did I know. I just had to tell the truth. EVANS: So, no regrets? BARBOUR: Oh, look EVANS: OK, that's all BARBOUR: You never like to be on television -- people chasing you around, trying to get people to contradict you. But the fact of the matter is, everything that the Republican National Committee did and everything did the National Policy Forum did, was perfectly legal and proper. Whether or not I knew the money had come from Hong Kong, which is something I actually learned this year, that's irrelevant but the fact is I didn't learn it until this year. EVANS: Mr. Chairman, the man you appointed to head the National Policy Forum, Mr. Michael Baroody, testified this week. He had a slightly different view than you have. Let's take a look at that. (BEGIN VIDEO CLIP) MICHAEL BAROODY, FORMER PRESIDENT OF NFP: I thought using foreign money to fund NPF would be wrong. And two, I thought the lines between NPF and RNC were not sharply enough drawn and made separation between the two seem a fiction (END VIDEO CLIP) EVANS: Now that's your own appointee sir. Michael Baroody is a well-known figure in town. Is he crazy? BARBOUR: No, and he's a fine guy and he also said later in his testimony, more than once, that raising foreign money was legal, that he disagreed with it, that he didn't think it was a good idea. Nobody ever asked Mike, but the fact is while he was President of the National Policy Forum, no foreign money was ever raised, even though it was legal and as Mike said, it was legal. The other thing that Mike said about "seemed a fiction," he testified under oath that this was a separate organization, separate function, separate operations, separate management, that at times he d id not like the fact that the RNC, which was the biggest creditor, the sole creditor, to the National Policy Forum, that the management of the RNC pushed hard on the management of NPF to do certain t hings, so they could pay back the money that the RNC had loaned them, but he said himself that it is a separate organization. And let me just say Rowlie, it is, was and at every time, a separate orga nization from the RNC. NOVAK: Mr. Barbour, as you are well aware, the Democrats claim that you used this money from the Young organization, as a conduit for money to win control of the House of Representatives in 1994. Sir, their point is to make this winning of the House of Representatives look illegal. Now, it's one thing for the Democrats to say this, but the president of Ambrous Young in Florida, who arranged this, a former chairman of the Republican, National Committee, Richard Richards, had this to say at the Senate Committee hearings. Let's take a look at it. (BEGIN VIDEO CLIP) RICHARD RICHARDS, FORMER RNC CHAIRMAN: Frankly, I never thought I would see the time in my lifetime that Republicans won the House majority, but he told me that was the case and said we have a problem. We at the national committee have loaned the forum $3 million, $3.3 million -- some amount in excess of $3 million -- of money that we can use in the campaign. But we've got a problem. We need to be able to take it out of the forum for our purposes (END VIDEO CLIP) NOVAK: That's pretty incriminating. You're a good lawyer, besides being a politician. That's, that's kind of a smoking gun, isn't it sir? BARBOUR: Bob, let me just say to you, first of all, Dick says in his testimony, that as you just played, that the Republican National Committee had loaned the National Policy Forum $3.3 million or something. Now the fact is if you go back and look at the books, which were filed with the Federal Election Commission on a monthly basis, that's not even close to being true. The one fact in the statement that you just played, how much did the RNC lend the National Policy Forum? He's not even -- it's not even half way close. It was about half as much as he said. The fact of the matter is that the Republican National Committee could not by law, did not and you can see it from our books, and we've made those books available to this committee, did not do that at all. And you noticed that the Democrats chose not to put on anybody from the accounting department, chose not to put on anybody who could validate and just confirm exactly what I said. Instead they put on a witness who said himself in his testimony, he didn't know what happened to the money. Dick Richards contradicted himself from his letter, from his deposition, from his affidavit from his testimony. I mean, the real -- yesterday was really about Dick Richards versus Dick Richards. But the Democrats want to put on anybody who contradicts me, because they've given up on the idea of saying the Republicans did something wrong. Now they just want to make it personal and try to smear me personally. NOVAK: Just briefly, Mr. Barbour, you're not under oath here, but you are on television, and you're talking to two reporters (LAUGHTER) let me just ask this, you mean when you made this deal with Young Brothers, you never had in your mind the idea that this would be money that would enable you to finance indirectly, the '94 campaign? BARBOUR: Bob, as you know, under the federal law, all the money that we spend for federal elections, has to be non-federal money. It can't come from a corporation. It can't come from a loan repayment by the National Policy Forum or corporate money. I said in my testimony and the records are right there, in black and white. Time Magazine said this money went to pay for the late advertising blitz. The fact of the matter is not one penny of it did. It all came out of our federal account by law. They said this paid for Contract with America. That is simply not true. John Glenn said that in his opening statement. Just simply not true. Not one penny of this money went to that -- couldn't and didn't. And the other thing that I said that the Democrats hated to hear, because they want to have this phony, baloney game that somehow the Republican control of the House is tainted, which is not tainted, is that they said that the RNC had to have this money for the campaign. We didn't. If we had not gotten this money, we had millions to spare. And I showed that in my testimony on Thursday. EVANS: Mr. Chairman, we just have a minute before we take a break. Mr. Richards told Mr. Young that you as a debtor would be safe as the church -- all that money would be paid back. I believe debt still is $600,000, which has not been paid. And the chairman of the Senate committee, Senator Thompson had this to say about that. (BEGIN VIDEO CLIP) THOMPSON: When you step back from it, this gentleman Ambrous Young, it looks to me like we owe him some money. I say we, I mean, the Republican National Committee (END VIDEO CLIP) EVANS: Mr. Chairman, is that money going to be paid back and when? BARBOUR: The Republican National Committee doesn't owe Young Brothers anything. But in fact what I did do as chairman, Young Brothers, because the National Policy Forum was unable to pay and defaulted on the loan, Young Brothers lost a $1.5 million. After the election, I reached out to them and said, I told you I'd try to help. We've already put in more than a million, but I will ask the Republican National Committee and the Republican Nationa 1 Committee will lend the Policy Forum half of what you lost. They said, fine. We settled it. Their lawyer testified Wednesday that it had been settled. The Republican National Committee lost $2.5 million EVANS: So, you're not going to pay it back BARBOUR: $700,000 and something thousand of it because we chose to say, look, we don't want you to be left out totally like this. And we'll lend the Policy Forum the money to split the difference. I think I've gone way above and beyond what should have been done. NOVAK: OK, I get the answer. We're going to have to take a break and when we come back, we'll talk about what John Glenn thinks of Haley Barbour and maybe what Haley Barbour thinks of John Glenn. (COMMERCIAL BREAK) EVANS: I covered that campaign, Haley. And I must say you look a lot better today than you did then. Back to the business at hand. Do you think, sir -- don't you think that you have really undercut your party's campaign on this issue of Asian money and the Bill Clinton/China connection by this Hong Kong loan to the Forum? BARBOUR: Well, there's no question that the Democrats, who got caught with their hand in the cookie jar and had no defense, have said, well, this is the only thing that we Democrats can do to try to distract attention from the campaign finance scandals of 1996 which were totally Democrat scandals -- totally Democrat scandals. So you're right that the Democrats are trying to use this to say everybody does it, or, yes, you caught me with my hand in the cookie jar; look over there. The fact of the matter is, though, I believe they've about given up on saying the Republicans did anything illegal, saying that this was illegal. They used to say that the National Policy Forum was a sham organization. They've thrown in the towel. And now they're reduced to nothing more, Rowlie, than trying to smear me personally by saying Haley's not telling the truth because this witness or that witness said something difference. But they don't call any of the witnesses that say exactly what I said. EVANS: Mr. Chairman, as you said this week in your testimony, appearances are everything in politics. And your great friend, Richard Richards, isn't he right when he said to you, "I think we run the risk of some very adverse publicity." Isn't that what you did in your party today, sir? BARBOUR: First of all, I don't know that Dick Richards ever told me that. If he said he told me that, I don't doubt him. I don't know if there's any reason for me to remember it. But look, no matter what happened here, the Democrats have no defense. So no matter what it was going to be, they were going to find something to say that the Republicans did something wrong. Of course, what they're doing here is that this is like the Republicans there accused of jay walking when the Democrats are up for armed robbery. But the fact is if the press plays along and tries to say these are equivalent, then that helps the Democrats. The truth is, Rowlie, this is not equivalent. There is nothing illegal or improper about what the Republicans did. And what we have here is what the country demands of bipartisan investigation. I think they're getting it. But the investigation is showing this is not a bipartisan scandal. NOVAK: Mr. Barbour, when these hearings began three weeks ago, the ranking Democrat on the committee made a remarkable statement. And let's take a look at it. (BEGIN VIDEO CLIP) SENATOR JOHN GLENN (D-OHIO): It's a story of greed and of trust betrayed, as I see it, of the national chairman who betrayed the trust of a wealthy foreign donor, his own party and the American people when he tried to circumvent the campaign finance laws of this country. (END VIDEO CLIP) NOVAK: Sir, how do you feel when a hero, an astronaut, a Korean War ace, great test pilot, long time senator, presidential candidate says you've betrayed your party? What's your reaction? What's your personal feeling about that? BARBOUR: Well, you know, Rowlie NOVAK: Bob. BARBOUR: I mean, Bob, I'm sorry because I can't see you all. When Senator Glenn was being investigated for the Keating Five scandal, he said on one of the Sunday shows that his integrity was all he had, and if people were trying to say he had done something wrong in this, that it was flat wrong, and that he resented it with every fiber in his body. And for somebody who said that under those circumstances to turn around and make those sort of reckless, baseless, untrue, personal, nasty smearing comments, you better believe I resent it. And I noted in the hearing on Thursday Senator Glenn never asked me a question. NOVAK: How do you feel, sir, about Chairman Thompson's handling of these hearings? He has obviously tried to be bipartisan. He's critical of you. Would you have wished that he were more supportive of the former national chairman of his party that presided over the great Republican victory of 1994? BARBOUR: I think Fred Thompson feels like he has an obligation to the country to be bipartisan. I just said a moment ago this ought to be a bipartisan investigation. I think Fred Thompson is bending over backwards to try to make it a bipartisan investigation. And, yes, I think to do that sometimes, he did it at my expense. But I don't take any issue with it. I think Senator Thompson feels like I'm a big boy, and I can take care of myself. And I think that that, in fact, is the case because Senator Thompson knows that nothing done by the National Policy Forum or the Republican National Committee was illegal or improper, that everything was legal and proper. So I don't have any ill feelings toward Senator Thompson. In fact, I respect the way the Republicans are trying to make this a bipartisan investigation, and all the Democrats are trying to do is fuzz it up to try to make it look like something it's not. They're trying to make it look like a bipartisan scandal when they know full well it's not one. EVANS: Mr. Chairman, there's been a mess over in the Republican side of the House for the last several months starting with the speaker's trouble with ethics. Last week and the week before, as you know, there was a move to remove him as speaker. Has this party mess really damaged in terms of the 1998 Congressional election and presidential election 2000 your party? BARBOUR: Well, I think the likelihood is the Republicans will make gains in the 1998 elections, Rowlie. I mean, nobody likes the fact that there's -- this is going on over in the House side. But I think it probably is blown out of proportion. I think it is a lot less there than meets the eye. The truth is that this Congress is about to pass a balanced budget with a fair sized tax cut. Now, you and I both know that in 1995 the first Republican Congress in 40 years passed a balanced budget and a much bigger tax cut, a much better budget that Clinton vetoed. And this time we're having to not get as much as we ought to because we're having to do something in the hopes that Clinton will veto it. NOVAK: We have to take another break. And when we come back, we will have that big question for Haley Barbour. Mr. Barbour, you heard Senator Thompson say the other day in the hearings that campaign finance reform is a total mess. Based on what has been coming out for months, don't you think it was time now finally for the Republicans to get behind campaign finance reform? BARBOUR: Well, I think the Republicans ought to be for good campaign finance reform, Bob. But the biggest problem we have in campaign finance today is the way the unions can take the dues money of their members which the members are forced to pay by law, compelled to pay, and then the unions use that dues money for political purposes all to help Democrats even though 40 percent of the unions members vote Republican. NOVAK: If that is correct, then would you be for a total elimination of soft money? BARBOUR: I think soft money should not be allowed to be used in federal campaigns. And what the Democrats don't like to tell you is that's the law today. That is the law today. Soft money cannot be used in federal campaigns. That's another red herring. This union thing is for real. And the other thing that is a serious problem -- it's got First Amendment connotations is the use of issue advocacy advertising in the last campaign by both parties and the unions in a much more political way than anybody ever envisioned. This is something new. ROWLAND: Sir BARBOUR: I don't know what's going to come of it. ROWLAND: We just have 30 -- we have 20 seconds. Give me a prediction. Will there be a serious new campaign reform law in this or the next Congress? BARBOUR: I don't anticipate this Congress passing a bill because the Democrats will never accept limiting the unions to the rules that everybody else is certainly under. ROWLAND: All right, we have to take a break. And when we come back after these messages, my partner and I will have a comment. In a moment. (COMMERCIAL BREAK) NOVAK: I'm Robert Novak. EVANS: I'm Rowland Evans. NOVAK: Just ahead at 10:30 a.m., "RELIABLE SOURCES" media coverage of the Cunanan story. And if you haven't had enough of me, I'll join the panel to talk about the state of conservative journalism. And at noon Eastern on "LATE EDITION," Frank Sesno interviews the President's Economic Policy Chief Gene Sperling for the latest on budget negotiations. EVANS: And that's all for now. Thanks for watching. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO ]) CREATION DATE/TIME:30-JUL-1997 10:16:54.00 SUBJECT: PBS: News Hour with Jim Lehrer, 7/29/97 TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop (Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [OPD]) READ:UNKNOWN TO: Laura D. Schwartz@eop (Laura D. Schwartz@eop [WHO]) READ:UNKNOWN TO: steven j. naplan@eop ( steven j. naplan@eop [NSC]) READ:UNKNOWN TO: Kevin Moran@eop (Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop (Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: G N. Lattimore@eop (GN. Lattimore@eop [WHO]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [OA]) READ:UNKNOWN TO: Jason S. Goldberg@EOP (Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO ]) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO ]) READ:UNKNOWN TO: Michelle Crisci@eop (Michelle Crisci@eop [WHO]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: Michael Waldman@eop (Michael Waldman@eop [ WHO ]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO 1) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO ]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP (Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop ( (Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO D READ:UNKNOWN TO: Paul K. Engskov@eop ( Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ) READ:UNKNOWN TO: Lori Anderson@eop (Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 30-JUL-1997 10:00:00 News Hour with Jim Lehrer: ANALYZING THE BUDGET DEAL Aired on JULY 29, 1997 Balance the budget in 5 years, give $91 billion in net tax breaks and change Medicare. The Congress and the White House appear to have a deal. Following a background report, John Kasich (R-OH), House Budget Committee Chairman, and Gene Sperling, the White House National Economic Advisor, discuss the merits of the plan. Economists then scrutinize their analysis, after which Kasich and Sperling return to rebut criticisms. CHARLES KRAUSE: Last night!,s deal was the culmination of seven months of tough negotiating between the White House and Republicans on Capitol Hill. SEN. TRENT LOTT, Majority Leader: We have reached a tentative agreement with the administration on the Balanced Budget Act and the tax relief package. CHARLES KRAUSE: The agreement contains a plan to balance the federal budget by the year 2002. It also promises the first major tax cuts in sixteen years--a total of $91 billion over the next five years. The agreement comes amid a booming economy and increased tax revenues that have driven the deficit down in recent years. There are some observers who!, ve argued that with the economy growing, a balanced budget isn!,t necessary and could even be counterproductive. The White House and Congress, however, felt the budget plan was needed. Today, Congressional Democrats traveled to the White House to hear President Clinton praise the deal. PRESIDENT CLINTON: This agreement meets my goal of balancing the budget in a way that honors our values, invests in our people, and prepares America for the 21st century. It is very, very good for our country. It's a victory for every parent who wants a good education for their children, for every child in a poor household who needs health care, for every immigrant struggling to make it here, for every family working to build a secure future. It is the best investment we can make in America's future. CHARLES KRAUSE: On Capitol Hill, the GOP leadership also claimed victory. SEN. TRENT LOTT: Today we celebrate the beginning of a new era of freedom. We have joined the President, and we have come to an agreement that will lead us to less Washington spending, to tax relief for working Americans, to security for our senior citizens, and less dependency on the government, more responsibility, and opportunity for individuals, communities, and states. This truly is a great moment. We made a decision earlier this year that we! re going to work together to get this victory for the American people. And that!,s what it!,s really about. It!,s not about partisan politics. It!,s not about who!,s President or who!,s in the Congress. It!,s about returning the government to the people. CHARLES KRAUSE: There were only a few dissenting voices, among them liberal Democrats, who say the plan favors the wealthy. DEFAZIO: It seems too good to be true and you know what, it is, it is. This is not a new day in Washington, DC. This is business is usual, cutting up a fat hog, make wildly optimistic assumptions about the economy and revenues, cut social programs a little, don't take a penny out of the Pentagon, and give a host of generous tax cuts slanted toward the most wealthy in America and the largest corporations. CHARLES KRAUSE: And at least one tobacco state Republican tempered his overall support for the play by objecting to a proposed increase in cigarette taxes. COBLE: The inevitable tobacco tax, that, as you know, this has been discussed on this Hill for several weeks now. And we from the tobacco belt were waiting for the other shoe to drop, and it!,s dropped. CHARLES KRAUSE: Both the House and Senate are expected to debate the budget agreement before leaving Washington for the August recess. JIM LEHRER: Two key players in all of this are with us now. Gene Sperling is President Clinton!,s national economic adviser, and Republican Congressman John Kasich of Ohio chairs the House Budget Committee. Gentlemen, let!,s go through the main parts of this one at a time. First: tax credits for children, $500 per child under age 17, $110,000 income limit for couples, low-income families qualify. Mr. Sperling, what is this designed to accomplish? GENE SPERLING, National Economic Adviser: Well, this is designed to help average working families who I think both Chairman Kasich and I would both agree have not seen their after-tax incomes go up as much as any of us would like over the last ten or fifteen years. A family making $40,000 with two kids, this is giving them $1,000 more in after-tax, disposable incomes. That means a lot to a family. And it also says that after we balance this budget and get the deficit reduction down, we!,re giving a bit of dividend, and giving a bit of that dividend back to the American people in terms of the tax relief, but most importantly in continuing the lower interest rates and the strong investment level expansion that we!, ve had in this economy since 1993, when the President decided to take some leadership and bring this deficit down, and in the last year when we!, ve been able to work together with Republicans to do it in a bipartisan fashion. JIM LEHRER: Congressman Kasich, on the low income families being able to qualify, now that was a compromise. You didn!,t want that in there at the beginning, did you? REP. JOHN KASICH, Budget Committee Chairman: Well, it was actually in our Contract with America, and the problem was we had limited amounts of tax cuts to give. Fortunately, the package actually increased the amount of tax relief that Americans would give. I, myself, am personally very happy that this has worked out this way because I think we!,re always interested in helping working Americans. And those people who are at the lower income levels, you know, they can go one of two ways, really. They can fall off the curve and find themselves on welfare, which we do not want, or they can have a dream of being able to get ahead. And so I think that all working families being able to benefit under $110,000 in income, with this child credit, is wonderful. It was part of the Contract with America. I put it in. the first budget in 1993, and it!,s designed to help families. It!,s designed to send some power into people!,s pockets and is a shift away from Washington and a shift of some influence and money back home. It!,s a good provision. JIM LEHRER: Now, the capital gains tax cut. The current rate is 28 percent. The deal under the new rate is 20 percent for assets held one to five years, 18 percent for assets held more than five; 8 to 10 percent for incomes below $41,200. Now, Congressman Kasich, this has been something you Republicans have wanted for a long time. Why was it so important, and is this exactly what you wanted? REP. JOHN KASICH: Well, we wrote it in 1993, again, Jim, and we were also--had it in the Contract with America, and we!,re glad this is being enacted for a couple of reasons. One is for the--a lot of Americans now are involved in investment income. In fact, they estimate up to 50 percent of all households. And it!,s risk-taking. It!,s designed to say that if you take a risk, you ought to get a reward. If we make the rewards of risk taking too high, it!,s common sense. People won!,t take risks. We believe this will result in more investment and better job creation. And, frankly, if you have a pension that is at all dependent on mutual funds, for example, it!,s going to increase the value of your pension. So there!,s no panacea--any single magic bullet--but we think that it!,s something that!,s good for virtually all Americans. JIM LEHRER: Now, Mr. Sperling, the President and other Democrats have opposed this for as long as the Republicans have been pushing it. And yet you agreed to it. Why? GENE SPERLING: Well, we are clearly pushing our priorities in the tax cut bill. Our priorities were a $1500 tuition tax credit for higher education, a 20 percent tuition tax credit, a $500 per child tax credit. Those were the core tax credits that help middle class and working families. Those were our priorities, but this is a bipartisan budget agreement. And they made very clear from the start that this was a priority they had to have; that they were going to go along with the increases in education spending and the coverage of children!,s health care that we wanted very much. I do think if we were going to do it, which, again, it wasn!,t our priority, but if we were, I think putting a focus on more patient capital, more longer-term investment, is prob ably a sensible way to do it. And, in fact, I think this is going to consider having the holding period for 18 months, which in many ways could promote longer-term investment and give less of an incentive for more churning and speculation. JIM LEHRER: So in order to get what you want to get, you had to give them this. That!,s the bottom line, right? GENE SPERLING: You know, if you!, doing a bipartisan budget agreement, you have to give the other side some wins, if you want to get the things that are important to you. JIM LEHRER: All right. Another one was the estate tax. Sec. Rubin said on this program right after all of this began that this was also something the administration did not support, and, yet, here it is. Why? GENE SPERLING: Well, I think that we supported-- JIM LEHRER: Let me point out what this says. GENE SPERLING: Yes. JIM LEHRER: Let me make sure that people understand. The current exemption of estate taxes is $600,000. That would increase to $1.3 million for farms and businesses right now, and it would increase to $1 million--the exemption would--for all estates over the next 10 years. Okay. Go ahead. Why did you go for this? GENE SPERLING: Well, we always favored some form of estate tax cut relief. Nobody believes that somebody who owns a family-owned business, a small business, a family farm, should be forced to sell it to pay taxes. Everybody agrees that!,s wrong. We had a more limited way of doing it initially, but we understood that that principle--what we were most concerned about however, was not having an overall tax cut that was going to have exploding costs in the second ten years. That!,s the 10 years when all of us should agree that we should be focusing on long-term entitlement reform. We don!,t want to be draining money away from the Treasury when we need that to shore up long-term Medicare and Social Security. What Sec. Rubin and others of us who were negotiating focused on was making sure the overall package was stable and kept the deficit in good shape by dropping the capital gains indexing and by having some more reasonable restraints on the IRS. We felt the overall package was good. The estate tax relief was probably a bit more than we would have preferred. JIM LEHRER: Then you, Republicans, Congressman Kasich--some-- REP. JOHN KASICH: Can I say one thing about that? JIM LEHRER: Sure. REP. JOHN KASICH: Because that!,s really a blow to liberalism because when you die today and you!, ve spent a lifetime building something, you don!,t just visit the undertaker, but you visit the IRS at the same time. And I think this is an idea that when you work a lifetime, you ought to be able to pass some of what you !,ve built onto your children. So it !,s almost a cultural thing in a way, Jim. But all of these tax cuts really represent a shift from the power of government. And we have reduced the size of government and let people keep more of what they earn. And that !,s what this is all about--the best example of us entering an era now where we can begin to recognize the limits of government and the importance of people. JIM LEHRER: But some of you Republicans wanted the estate tax eliminated altogether. This is also--this also represents a compromise on both of your parts, correct? REP. JOHN KASICH: I think so, look. But, Jim, this is what we were searching for, and we !,re very pleased about it. Our people feel good, and it !,s not just the estate and it !,s not just the capital gains. We !,re very happy with the pr ogram the President brought to us to provide for help for education, for moms and dads, single moms can educate their kids easier if, you know, mom doesn !,t have to go out and work as hard to send their kid to college to help her husband educate the kids. We love that. We love the child tax credit. It !,s a balanced package. The most important thing is it !,s paid for and it !,s part of an overall balanced budget. JIM LEHRER: Now, the cigarette tax was one of the taxes you raised. That was easy, right, Congressman? REP. JOHN KASICH: Well, I personally am not happy with it not because I !,m for the cigarettes. I just don !,t want any more revenue coming into the government, but this cigarette tax passed in the United States Senate, and it is part of t his package and, you know, that !,s just part of it. JIM LEHRER: Yes. REP. JOHN KASICH: But our next cuts are $91 billion, which is, obviously, $6 billion above the $85 where we started. JIM LEHRER: It !,s now 24 cents a pack. That !,11 go to 10 cents--or it will increase 10 cents in the year 2000 and 5 cents more in the year 2002. Now, the President wanted that, Mr. Sperling, right? GENE SPERLING: You bet he did. We wanted it to be 20 cents. And I !,11 tell you why. It !,s not just because it raises revenue that can be used to provide up to 5 million children or help to provide up to 5 million children more health care. It !,s because 3,000 children a day start smoking, and 1,000 of them will die prematurely because of tobacco. And the best deterrent effect that a tobacco tax has is on preventing young children, young teenagers, from starting to smoke. So we think that it was the revenues it took in for children !,s health care were positive, but the deterrent effect it has on young teenagers from starting to smoke is a positive thing, and the President absolutely supported it. JIM LEHRER: Now, Mr. Sperling, the children !,s health insurance part of this, which is $24 billion, will be through block grants to the states. Now that will be financed partly by this cigarette tax, is that right? GENE SPERLING: Well JIM LEHRER: Yes and no? GENE SPERLING: As you know, money is fungible. You can say it !,s financed. You could say it any way you want. The fact was the President wanted $24 billion. He wanted enough so we could try to cover 5 million children who don !,t have insurance today. 80 to 90 percent of them are in working families. And we wanted to make sure there was a meaningful benefit package. We !,re not trying to put unnecessary strings on states, but we want to say that when states get this money to provide coverage for children, it needs to be a meaningful package. It should cover vision and hearing, and the things all of us would want for any child of ours to have when it comes to health care. JIM LEHRER: Now, Congressman, does that create a new system, a new plan, a new program, a new type of program? REP. JOHN KASICH: Well, Jim, you know, it !,s important to note that the Republican governors across this country have had a great passion to be able to cover more people who do not have health insurance and those are generally the people who are the working poor. They have asked the administration to give them more flexibility on Medicaid so they would have more dollars to cover more people. Frankly, I don !,t think we ought to have these waivers. I think we ought to let the gov ernors cover people in the best way that they know how. JIM LEHRER: Wait a minute. Let me explain that. REP. JOHN KASICH: This is additional help. JIM LEHRER: Excuse me. Hold on just one second. We just want to explain when you say waivers. Now the way the system works, that the state wants to come in and apply for a waiver from the federal government to do it differently. REP. JOHN KASICH: Right. JIM LEHRER: I just wanted to explain that. Go ahead. REP. JOHN KASICH: I !,m sorry about that. That !,s Washington talk. JIM LEHRER: That !,s okay. That !,s all right. REP. JOHN KASICH: But, look, this is additional help to the governors-- JIM LEHRER: Okay. REP. JOHN KASICH: --to be able to give them additional resources to cover the people that they !,ve been passionately interested in covering, and I think it is a flexible enough program, is not an entitlement. It is-- JIM LEHRER: But you !,re happy with $24 billion. That !,s doesn !,t--that !,s okay? REP. JOHN KASICH: Well, I think we should have been at about 16, so there is a--there is a give on this. The Senate Republicans passed 24, and that !,s where we ended up. Unfortunately, the extra $8 billion will be phased in over a period of time, and then we !,11 take a look at how this whole program is working at some point in the future. But we !,re really moving into uncharted territory when it comes to how many people will actually be helped. That is the impact of this program. JIM LEHRER: Now, on education, Mr. Sperling, this was one of the President !,s main things--up to $1500 per year college tuition credit for two years; a 20 percent tax credit for the first $5,000 in school expenses for years three to four. Wh y was this so important and what will this actually accomplish, Mr. Sperling? GENE SPERLING: The President wanted to send both a signal and a financial incentive to everybody in this country that you need two years of higher education, just like people need 11th and 12th grade before. And so this says that for everybody who wants to go to at least a community college or to a regular four-year college, that you can have up to $1500, a $1500 education tax credit for your first two years of school, and if you go on to your third and fourth year, to grad school, for lifetime learning, education any time in your life, you can deduct 20 percent. What that does is it reforms our tax code to say that we believe that investing in education is the right thing for working families. It !,s the right thing for our economy. It !,s the right way for people to get ahead. And we !,re going to try to give people an incentive to do it, and if a family is doing the right thing and sending their kid to college, we want to make it easier for them to do the right thing for their child and for this economy. JIM LEHRER: Congressman, is that going to work? REP. JOHN KASICH: Well, Jim, we !,re pleased that as Republicans that we !,re going to continue to emphasize education. We, of course, don !,t want to just focus on higher education, but we like to have education choice, so that moms and d ads can force competition at elementary and secondary level, and I think we all recognize we have a severe problem in our country with not all children being able to benefit from public education. But education is a key. Our only objection to the President !,s package was the way in which he put it together, and, frankly, there was concern on both sides of the aisle up here about the nature of that package, and I think we !,ve come a long way in shaping it in the right way, and education is a key in a changing world, where technology is so important, technology is real power, and it really translates into better wages for all Americans. We need this. JIM LEHRER: All right. Now, finally, Medicare. It cuts payments to health providers by $115 billion over five years; Medical Savings Accounts, demonstration project. But what it does not do, there !,s no change in the age of eligibility, n ot means-testing for wealthier seniors, no co-pay for health--for home health visits, very small changes, Congressman, right? REP. JOHN KASICH: Well, let !,s not--Jim, in 1995, we essentially proposed this package, and we were hammered all over the country about this, and it has essentially been adopted, and the level of savings and entitlements, Jim, is going to be about $340 billion over the next 10 years. It !,s just a staggering number and will preserve Medicare for 10 years. And we give seniors more choice. We permit hospitals and doctors to be able to offer services to our senior citizens, and we !,ve made an adjustment between the rural and the urban areas, so there will be more opportunity, more competition, more choice for our seniors. So let us not sell short the significant changes in the program, but we also have a commission that says that we will do a lot more heavy lifting, because, as you know, as the baby boomers start to retire, we !,re going to have a crisis between the generations. And I !,m very hopeful we !,11 have a good commission, a good report, and we !,11 have even additional changes to this program. I would liked to have seen them happen now. I supported them, and I argued for them. But I think we should be V ery p leased and very happy with the level of changes and the amount of savings, and the extension of the life of Medicare in this package. Let !,s not take it for granted. Let !,s not take it for granted. Let !,s have a little celebration about this. JIM LEHRER: Mr. Sperling, how would you characterize the gravity of the changes in Medicare that this program has? GENE SPERLING: Well, here is one point that John Kasich and I agree on. People need to look at this package. I actually think John--it !,s about $400 billion in savings over 10 years. REP. JOHN KASICH: I !,m sorry. There !,s a nickel and a dime there, Gene. You !,re right. JIM LEHRER: Missed it by a bill or so. Go ahead. GENE SPERLING: I don !,t agree that it is like the plan in !+95, but I think what it is, and I think it was an honorable compromise between the balanced budget plan the President had in !+96 and where the Republicans were, and this is a signi ficant amount of savings. It restores the Medicare Trust Fund. So you !,re talking about $400 billion over 10 years, but more importantly, we !,re restructuring the payment systems in the places where you !,re having exploding costs, like home health care, skilled nurse facilities. There !,s things in here that prevent home health care fraud. There !,s more choice. I think this is one of the true places where the President worked with Democrats and Republicans to break gridlock and do something significant. So I agree people need to look at how significant this Medicare savings package is. It !,s a big first step. Again, I agree, we need a long-term process to do more, but I also think a long-term process to address the long-term Medicare problems for the baby boomers !, retirement, as well as for Social Security, but I think there !,s things we could do without waiting for a commission, and one of them is a high income premium increase. The President supported that. It took political courage. I think a lot of Republicans and Democrats want to go along. That !,s something that we could get done; it would add some additional savings; and would be a good structure--restructuring for the future. REP. JOHN KASICH: Jim, it !,s fair to say that Gene Sperling and I are both committed as baby boomers--to not only fixing Medicare on a long-term basis but also beginning to solve the problems related to Medicaid and Social Security--what we needed to take this first step to gain a little confidence with the public, we could actually manage entitlements without harm coming to them. So I think that this is the reason to be very happy. JIM LEHRER: Okay. Don !,t go away, gentlemen. We !,re going to come back to you in a few minutes, because we want to get some contrary views now to this deal, and we !,11 come back and let you respond. (Break) MARGARET WARNER: And for a more critical perspective on the budget deal we !,re joined by William Niskanen, chairman of the Cato Institute and former chairman of President Reagan !,s Council of Economic Advisers; and Robert Kuttner, economics writer and editor of the American Prospect. Mr. Niskanen, your overview on this budget deal. WILLIAM NISKANEN, Cato Institute: In the name of balancing the budget, our political leaders have done what they most like to do, which is to increase spending and reduce taxes for favored constituencies. It !,s much more important for the American public, however, to realize what is not in this budget deal. It does not reduce the deficit faster than if there were no deal. It does not increase economic growth. It does not control entitlements. In fact, it added two new entitlements: one for kiddie care and one for college education. It does not restructure defense to reflect the realities of the post Cold War world. And it does not move toward tax reform. And it does not limit the relative size of government in the United States. Those are major objectives that most Republicans have shared for a long period of time, none of which they have even moved toward in this agreement. MARGARET WARNER: All right. Mr. Kuttner, briefly, your overview on this deal. ROBERT KUTTNER, American Prospect: Well, I think it !,s a very Republican deal, and I think Mr. Clinton played a weak hand rather well tactically, but his hand was weak because he had embraced so much of the Republican program going in, so that to mix the metaphor, when the other shoe dropped, it was hardly a surprise that the Republicans have gotten--had gotten most of what they wanted. Clinton did succeed in a few things: defending Medicare, making sure that some of the tax benefits went to lower income people, as well as higher income people. But when you realize that he embraced the goal of budget balance a year ago, as well as significant cuts in capital gains, and cuts in entitlements, and estate tax relief, this was a mostly Republican budget, and he did so at the expense of his own party. It contrasts rather dramatically with Ronald Reagan !,s presidency, where Reagan for much of his term had the Democratic Congress. But he succeeded moving the ball in his direction, and Clinton really moved the ball in the direction of the opposition party. MARGARET WARNER: Okay, Mr. Niskanen, back to you and the conservative critique. Now, you said--let !,s go into a couple of these specifics--does not promote economic growth. We just heard John Kasich say these tax cuts are going to stimulate investment and move power away from Washington. WILLIAM NISKANEN: Well, you have to reduce marginal tax rates to increase economic growth. And some elements of this package actually increase marginal tax rates, like the phase-out provisions of the child credit. The capital gains cut by itself is not likely to be very helpful if you don !,t correct other features in the tax code. It !,s important to cut capital gains taxes but only as part of the general tax reform. Cutting capital gains taxes, itself, can lead to a mis-allocation of capital and will be perceived as being an unfair tax cut to the rich. MARGARET WARNER: All right. Now, another critique you made was that you said it essentially doesn !,t balance the budget faster than would have happened with nothing. Explain that. WILLIAM NISKANEN: If Congress went home, the budget would be balanced faster than with this deal. The budget this--the budget deficit this year will be in the order of 40 to 50 billion dollars. It would be easy to balance the budget next year, not in the year 2002, if either the President or Congress, or preferably both, were at all serious about it. In fact, what this budget deal does--it puts--the budget until the year 2002, rather than what would be an easier task if they were serious about it to balance it in the year 1998. I tend not to pay much attention to promises by politicians that are two congressional elections and one presidential election away in which most of the presumed budget cuts will be made in the years 2001 and 2002, years beyond that of many existing politicians. MARGARET WARNER: You also said it doesn !,t control the growth of entitlements; yet, we just heard Gene Sperling and John Kasich say it !,s a 360 to 400 billion dollars worth of savings in Medicare. WILLIAM NISKANEN: Those Medicare savings, those presumed Medicare savings are a consequence of continuing to squeeze the providers. MARGARET WARNER: Doctors and hospitals. WILLIAM NISKANEN: The doctors, nurses, hospitals, orderlies, medical assistance, and so forth, who provide medical care for the aged--under the Medicare program. I think that process cannot continue very long without either physicians and hospitals withdrawing from the service of Medicare people, or moving one way or the other to providing second or third class service to this group. You have to change the benefits structure of Medicare in order to preserve it over a longer period of time. They backed away from that at the last minute. This is not a serious reform. They !,re going to have to balance--address the reform ag ain in a matter of a few years. They have--by accounting conventions they have extended the life of the Medicare trust fund, but in no way that particularly affects the budget. MARGARET WARNER: You also said--I didn !,t jot down those words--but essentially it doesn !,t control the growth of government. Now, again, John Kasich, this is a big Republican ideal and goal--said this helps transfer power and money away from Washington. WILLIAM NISKANEN: I don !,t understand how they do that. It increases spending even relative to what President Clinton proposed earlier this winter. And the federal budget typically falls alot, after the end of each military buildup. It did not do that after the Vietnamese War-- we spent that money on domestic programs. It has done that with the big draw down of the Reagan build-up we were down maybe $100 billion from the Reagan peak, that money is being spent, rather than returned to the people. MARGARET WARNER: All right. Mr. Kuttner, your critique. Tell me--I mean, we heard Gene Sperling say a lot of this was designed to help low and moderate income, hard working, ordinary Americans, these tax cuts, for instance, the tax credit, the education credit. You don !,t see it that way. ROBERT KUTTNER: The big ticket item is capital gains, and almost 50 percent of the stocks and bonds in this country are owned by the richest 1 percent of families. So I think the administration really gave the store away, after fighting for decades and decades against the idea for the capital gains relief. This is an economy in which the stock market has doubled in two and a half years. It !,s doubled again in less than a decade, and if there !,s any group that doesn !,t need icing on the cake, I mean, it !,s people who have large capital gains. MARGARET WARNER: But what about--I mean, if you look at the--in the aggregate--the child tax credit is going to cost the government a lot more than this capital gains cut, at least in the early years. Are you saying that !,s not useful to low and moderate income? ROBERT KUTTNER: I think especially for the working families that Gene Sperling talked about that !,s a very good thing. The standard deductions and exemptions have not kept pace with inflation, and working families certainly deserve more tax relief. I don !,t think it was necessary to go all the way up to $110,000 family income. And neither did the President, but he gave that one away too. MARGARET WARNER: All right. Now, on the spending side, what do you make of the spending priorities? ROBERT KUTTNER: Well, I think a lot of educators justifiably criticized a tax credit for college in the sense that it goes to people whether or not there !,s a financial need. Some people think that this is just going to result in higher tuitions. Some people think that it !,s just going to replenish state budgets because they !,11 just turn around and raise junior college tuition. Most educators I !, ve talked to said it would be much better to target this money by increasing Pell grants to people who really need the money. MARGARET WARNER: I see. And then also Gene Sperling pointed to--and the White House has actual new spending programs for low and moderate income people, such as the 24 billion dollars for additional health insurance for poor kids or kids from poor families. What about that? ROBERT KUTTNER: Well, I think that !,s a very worthy objective. I think it !,s unfortunate that this particular program creates an even more fragmented health system. If you look at a low income working family, one year the breadwinner may be a job that provides health insurance, the next year that person may lose a job, and be in this new program. The third year they may be still poor; they may be in Medicare, so that the child is shuttled from one health insurance system to another. It would be much better to simply have a comprehensive program that covered all kids, but this does at least provide health insurance for kids from poor families. Give the President some credit. He did fight for priorities that made this less of a tax program for the rich. I !,m just concerned that he gave away a lot of principles going on. And in that sense, most of the outcome was foreordained. MARGARET WARNER: All right. Thank you both very much. (Break) JIM LEHRER: Now, back now to House Budget Chairman John Kasich and White House Economic Adviser Gene Sperling. Take that, Kasich and Sperling. Let !,s begin with you, Mr. Sperling, and what Mr. Kuttner just said. He said the President just gave it away to the Republicans, gave away the store, capital gains, the whole thing. GENE SPERLING: I !,m kind of torn between which of the two I disagree more with. Bob Kuttner !,s a friend. He !,s done a lot to advocate the interest of working class Americans, but, you know, John Kasich and I are here. We !,re here dealing with reality, which is we have a Democratic President, Republican Congress, and we decided to try to work together and get something done. And we have $24 billion here for low income children, 5 million children. That !,s a lot of children to get health care coverage. We have nearly $20 billion to families making under $30,000 for the child tax credit. We restore $12 billion for over 350,000 legal immigrants. All of that stock, all of that helped lower income families--would not have happened if this President was not willing to engage in a bipartisan budget agreement. So you want to get those things done. You have to work with the other side. I think it was a good deal for the President, a good deal for progressives, but I obviously had to have some of the wins and some of the priorities of people that have some different philosophies. That !,s how you get things done. JIM LEHRER: Speaking of the other side, Congressman Kasich, Mr. Niskanen said it would have been easier to balance the budget without doing anything. REP. JOHN KASICH: Well, in the amazing words of Ronald Reagan, to some of the critics of this agreement, "There you go again." Look, there are no new--the problem is the gentleman is factually incorrect. First of all, we cut the President !,s budget by about $9 billion in the first year and by about $115 billion over these five years. He said that we actually spent more than what the President requested. He is wrong. Secondly, he said there were new entitlement programs. That is false. There are no new entitlement programs in this. He said we would balance the budget by 1998. According to the last Congressional Budget Office numbers, the deficit in 2002 would be about $100 billion if we did nothing. In addition, he says, there were no significant changes in any entitlements. Medicare alone is $430 billion. And, as I pointed out throughout this week, hospitals are making about 15 percent profit on every person that they treat. So it is absolutely-- JIM LEHRER: You !,re not squeezing it. This doesn !,t squeeze them. REP. JOHN KASICH: We !,re not squeezing them. That !,s why they didn !,t come up here and raise Cain. We !,re going to have to do more with the individuals in the next round, but boy, this is far from squeezing them in Medicaid. We !,ve given the governors more authority. They !,re going to be able to cover more people. They !,re not going to have to have this Boren Amendment, which negotiates the rates that we pay hospitals, dictated from Washington. And, in fact, we have a balanced budget, and for the first time I !,ve actually heard a conservative say he doesn !,t like the capital gains tax cut. Look, what you have is the first balanced budget with conservative economics. It will hold the growth of the programs that run Washington to the growth of R percent a year, as compared to a growth rate of 6 percent a year over the last decade, and the entitlement savings are the greatest in history, so we !,ve done something that hasn !,t been done in modern times. We are balancing the budget and providing tax relief, and I think it !,s good and our guests ought to be happy. This is a reason to be in a good mood. JIM LEHRER: All right. But, Mr. Sperling, Mr. Niskanen said this does not reduce the size of government. REP. JOHN KASICH: Well, sure it does. Let me tell you what it does. JIM LEHRER: Okay. Let me ask--let me let Mr. Sperling speak to that. Just a minute, Congressman. GENE SPERLING: With all respect to Mr. Niskanen, someone on my staff looked back and found that five years ago on August 3rd, as we were about to pass the 1993 deficit reduction plan, the deficit was $290 billion. He said the deficit would go up; a recession was likely; and would probably be at $400 billion. Well, the deficit !,s come down dramatically. That deficit reduction has worked. And our projections show that even with a better economy, the deficit will go down a little lower than we expected this year, and then will shift back up. Without this deficit reduction plan, I don !,t th ink we can get the confidence in the economy to keep interest rates low and the expansion going. So I think there !,s been a clear connection between deficit reduction, lower interest rates, and a stronger economy, and it makes sense for Democrats and Republicans to come together and keep the strong economy going. JIM LEHRER: All right. And speaking of going, we can !,t go any further. Thank you both very much for explaining this and being with tonight. And our thanks also to Mr. Niskanen and Mr. Kuttner. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO ]) CREATION DATE/TIME: 4-AUG-1997 08:38:41.00 SUBJECT: CNN: Late Edition, 8/3/97 TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop (Lorraine A. Voles@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop ( Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [ OPD ]) READ:UNKNOWN TO: Laura D. Schwartz@eop (Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: steven j. naplan@eop ( steven j. naplan@eop [NSC]) READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop ( Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO ]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [ OA ]) READ:UNKNOWN TO: Jason S. Goldberg@EOP (Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [WHO]) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO ]) READ:UNKNOWN TO: Michelle Crisci@eop (Michelle Crisci@eop [ WHO]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: Michael Waldman@eop (Michael Waldman@eop [WHO]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO ]) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO ]) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO ]) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP (Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop (Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop [ WHO 1) READ:UNKNOWN TO: Paul K. Engskov@eop ( Paul K. Engskov@eop [ WHO ) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ) READ:UNKNOWN TO: Lori Anderson@eop (Lori Anderson@eop [ WHO ]) READ:UNKNOWN TEXT: Message Creation Date was at 4-AUG-1997 08:24:00 Late Edition with Frank Sesno Aired August 3, 1997 - 12:00 a.m. ET (BEGIN VIDEO CLIP) BENJAMIN NETANYAHU, PRIME MINISTER OF ISRAEL: not really words of consolation from the Palestinian Authority, from its leader. What we expect is action. (END VIDEO CLIP) JEANNE MESERVE, CNN: In the wake of suicide bombings in the Jerusalem market, what's ahead now for the peace process? And in Washington, a banner week. Congress agrees to balance the budget. A special interview with House Republican leader Dick Armey. All straight ahead, on LATE EDITION. ANNOUNCER: Live from CNN in Washington, this is LATE EDITION with Frank Sesno. MESERVE: It's Sunday August 3, 1997. Welcome to LATE EDITION, seen live across the United States and around the world. I'm Jeanne Meserve. Frank Sesno is off. Earlier, he sat down with a man very much in the middle of things on Capitol Hill lately, House Majority Leader Dick Armey, a major player in the budget talks, which produced the balanced budget agreement, passed by both houses of Congress this past week. Mr. Armey, according to many accounts, was also right in the middle of the recent attempt to unseat House Speaker Newt Gingrich. He will talk about both those things in our interview. Also today, renewed violence in the Middle East, with this week's marketplace bombings in Jerusalem. We'll talk about the peace process once again in grave jeopardy with Dore Gold, Israel's newly appointed ambassador to the United Nations, and Chief Palestinian Negotiator Saeb Erekat. Later, round the table on the week's politics with Roberts, Brownstein and Blankley. And Bruce Morton's Last Word on a kind of special strength. (NEWS SUMMARY) MESERVE: Just as negotiators in the Middle East peace process were making their way back to the table, bloodshed in Jerusalem. This time, twin bombs in a busy open market killed 15, including two suicide bombers. The terrorist group Hamas is taking credit for the attack. Israeli Prime Minister Benjamin Netanyahu, who won the election on a plank of peace with security, denounced Yasser Arafat for not preventing the violence. He then suspended peace talks, sealed off the West Bank, and increased Israeli police patrols. Arafat is calling the security clamp down a "declaration of war" on the Palestinians. So what does all this mean for the peace process? Joining me now from Jerusalem Dore Gold, Israel's new ambassador to the United Nations, and chief Palestinian negotiator Saeb Erekat. Thank you both for joining us here today. Mr. Gold, let me start with you. Hamas, in claiming responsibility for the bombings, set a deadline for the release of prisoners, which will pass, I think, about an hour from now. What do you expec t will happen after that deadline comes and goes? GOLD: Well, we haven't been able to necessarily authenticate this warning, but the key question is whether Mr. Arafat will begin to deal with the Hamas with the same seriousness as other Middle Eastern leaders deal with their fundamentalist opposition. It is absolutely necessary now to take apart the military infrastructure of Hamas in order to prevent these kinds of outbreaks of terrorism, of killing of innocent civilians from occurring. MESERVE: Mr. Erekat, what can you tell us the Palestinian Authority has done vis-a-vis terrorists since these bombings? EREKAT: What I think the Palestinian Authority had dealt a severe blow to terrorists or would-be terrorists. Regardless of what you said about Hamas, Hamas has officially denied any involvement in this activity. So far, we don't have a shred of evidence or proof in who perpetrated that act. But Mr. Netanyahu, instead of accepting President Arafat's offer to join him in fighting terror and the enemies of peace, he declared a series of collective-punishment measures against the Palestinian people, and today three million Palestinians are suffering, suffocating under siege of food, of medicines and so on. People are stranded at the international passages. And we urge Mr. Netanyahu to stop shooting himself in the foot and to accept President Arafat's offer to join together in order to fight the enemies of peace. Terror should not be rewarded, and so far Mr. Netanyahu has suspended the negotiations, and that's what the terrorists wanted. He breaks down the relation between the Palestinian Authority and Israel. And also, he is making the idea of peace dying in the mind of Palestinians, because three million Palestinians, as I said, are under siege. As one MESERVE: Let me ask again, what exactly has the Palestinian Authority done in the days since the bombing to stop terrorism? EREKAT: Well, let me tell you something. On Monday, last Monday, Mr. Netanyahu was saying that in his prime ministership no terrorists activities occurred and that the Palestinians understood that these would not be tolerated with terror. So, in the lines of this statement, he was saying that the Palestinian Authority did -- there were major breakdowns on terror. President Arafat said that he will not tolerate terror or violence against Israelis or Palestinians regardless of the motives or the purposes of the individuals behind it. MESERVE: But these bombings would seem to say that the measures that were taken were not sufficient. EREKAT: Who did these bombings? We don't have a shred of evidence or proof at who did these incidents. And yet, Mr. Netanyahu was offered by President Arafat to join together in order to find out who is behind these terrorists activities and in order to stop the repetition of the occurrence of another terrorists activity. That's the most important thing. MESERVE: Mr. Gold, do we know who these people are, where they come from, what country or group may have been behind them? GOLD: Well, we have considerable evidence that points in certain directions. But let me just say one thing. Terrorism doesn't spring out of the middle of nowhere. It doesn't occur because somebody's GNP per capita has dropped or because somebody's refrigerator isn't working. Terrorism springs up because there is an organization. There is infrastructure. There is somebody who is mobilizing activists, who is paying off families of suicide bombers, who is scouting an area to see what time there is a large population gathering in a particular site in Jerusalem. This organization is what we call infrastructure. There is an infrastructure of Hamas. There is an infrastructure of Islamic Jihad. Now, if Mr. Arafat had indeed made a 100 percent effort and somehow a unit had slipped through, one could understand that he had made an effort. But in this case, what we have over the last six to eight months is a constant revolving door of terrorists being seized and then let out into the streets again. I'm not speaking about activists who are involved in working in mosques and in helping day care centers of righteous Muslims. I'm speaking about people who are trained in the use of explosives, people who have been trained in Iran in some cases. MESERVE: Mr. Erekat GOLD: These people are now on the street. And they are now organizing. And this creates the infrastructure that allows these terrorist attacks. One thing is clear. Some people may be telling Mr. Arafat that he is now in the Lebanon refugee camps, that he's fighting Israel, like he's fighting the Christian Falangists. We will not permit the Lebanonization of Israel. And that is something absolutely clear on the part of Mr. Netanyahu, the prime minister of Israel. MESERVE: Mr. Gold, have you spurned an offer from Mr. Arafat to help track down the source of these bombers? GOLD: Well, we have always said that security cooperation with the Palestinian Authority is part of the core bargain of Oslo. And we are ready to resume that core bargain MESERVE: Mr. Erekat says he's offered that. Mr. Erekat says that has been offered and that it was spurned by the Netanyahu government. Can you respond to that? GOLD: Well, I don't think that's exactly correct. One of the problems we've had -- for example, the head of preventive security of the Palestinian Authority in the West Bank, Mr. Jibril Rajoub, right before these explosions occurred, stated that Israel would not get any security cooperation with the Palestinian Authority. Israel would not get security unless it made certain tangible concessions. Security for the peace process to work must be a constant. It must not be contingent. It must not be dependent on Israeli concessions. Security for the peace process to work must be a constant. It must not be contingent. It must not be dependent on Israeli concessions. We believe that we can make the peace process work even though it is an impaired peace process. But serious security steps must be taken to create confidence between the parties. That is how we made peace with Egypt. That is how we made peace with Jordan. And that's how we want to make peace with the Palestinians. MESERVE: Mr. Gold, you acknowledge that you don't know exactly where these terrorists come from or who might have been behind them. And yet, your government has indeed imposed security restrictions on all the Palestinians in the West Bank and Gaza. Have you, in fact, as Mr. Arafat says, in essence declared war on the Palestinians? GOLD: Well, we haven't declared war on the Palestinians. You know, all these months that we've had difficulties while the Palestinians have been holding back -- the Palestinian Authority has been holding back security cooperation with us -- we didn't put in closure. We allowed Palestinians to work in our economy, to bring home a day's pay, to be able to improve their conditions. But when our people are threatened by these kinds of bombings, when hundreds of Israelis can be exposed to these kinds of bombings in our major cities, we have a right to defend ourselves. GOLD: And if in defending ourselves we won't allow Palestinians into our economy for a period of time while we track down these terrorists, that's the price. MESERVE: Mr. Erekat, are these limitations to how much Mr. Arafat can do to crack down in the extremists? Does he risk looking like a collaborator with Israel? EREKAT: Mr. Arafat's committed to the peace process. He's 100 percent with us. We did not blame the Israeli government when one of their soldiers massacred 30 Palestinians in Hebron. We did not blame the Israeli government when one of their soldiers again started shooting at people in Hebron at the beginning of this year. But once again, we urge the Israeli government to resort to sanity, wisdom and courage. It's not time to assign blame. Mr. Netanyahu's policies of settlements in lateral steps, confiscation of land, non-implementation of the agreements are very well-known. But now the most important thing is not to have a repetition of the terrorist activity of Jerusalem last Wednesday. And this requires joint Palestinian-Israeli efforts. Mr. Netanyahu, instead of accepting the offer which is a valid offer, I'm saying it right openly in my capacity as President Arafat's negotiating delegation in order to investigate together of who did these terrorist activit ies, and at the same time, to prevent another occurrence. Now if Mr. Netanyahu wants to export his crisis to us, Mr. Netanyahu, by taking these steps of not allowing medicine, food, supplies, the money transferred to the Palestinians was 60 percent of the total budget of the Palestinian Authority -- I mean, Israel has no right whatsoever to apply collective punishment that would affect the lives of three million Palestinians. MESERVE: What would you have Israel do? These things have happened in waves in the past. Would you have Israel sit on its hands and wait for the next bombing? EREKAT: No one is tolerating what happened last Wednesday. As a matter of fact, President Arafat openly condemned the attack. We condemned these attacks, and we are offering to cooperate with Israeli security authorities and with Mr. Netanyahu in order to find out who is behind these activities. MESERVE: I do want to move on to the peace process. I'd like to ask each one of you what you are willing to do to try and get the peace process moving again. Mr. Erekat, let's start with you. EREKAT: I think now every possible effort must be exerted to restore confidence and credibility to the peace process and to put the peace process back on track. I think Arafat's offer as far as cooperation security with Israelis is valid and stands. And I hope that Mr. Netanyahu will stop these collective measures and this war against the Palestinian people. And I hope that the American administration and the Egyptians will continue their efforts in order to put the peace process back on track by achieving the implementation of the agreement signed and by restoring the confidence and credibility that was lost due to the Israeli lateral step of settlement building, confiscation of land, demolition of homes and non-implementation of their agreements. MESERVE: Mr. Gold, let me ask you, what specifically is your government willing to do right now -- not what the Palestinians will do -- what will your government do to get this peace process moving? GOLD: Well, I think we have to go back to the core bargain of Oslo that existed when our late Prime Minister Yitzhak Rabin shook hands with Mr. Arafat back in 1993. And I'm afraid that does require as a first step building confidence in the area of security. The Palestinians were supposed to give security. Israel was supposed to address Palestinian aspirations. That was the core bargain. In the meantime, we've had a green light to terrorism back in March. We've had Brigadier General Ghazi Jabali, one of the heads of the Palestinian police force, who we have definite evidence is linked to terrorist cells -- the man should not be running free. He should be grabbed. If we had a high-level officer in our army who was involved in any kind of terrorist act against Palestinians, we'd let him run free? It's ridiculous. We have had incitement in the city of Hebron. We've had violations of a protocol we've put together. Let us first of all adhere to our respective commitments. Don't impose other commitments on the parties. Let us follow when Mr. Erekat and I sat together and we spoke about a note for the record, a post-Hebron road map of how the agreement would develop. Let's go back to the note for the record. MESERVE: We have to leave it there, I'm afraid. Unfortunately, we've run out of time. Dore Gold and Saeb Erekat, thank you both for joining us from Jerusalem. Dean Fischer, "TIME" diplomatic correspondent, is joining me now here in Washington. You heard these two gentlemen. Did you hear a glimmer of hope in what they had to say? DEAN FISCHER, "TIME" CORRESPONDENT: There's a long-term hope that somehow the peace process can be put back on track. But I really think myself that it's imperative that the Clinton administration take a much more active and aggressive role than they have done in recent months. MESERVE: Specifically, would you recommend they do? FISCHER: Well, they have -- the president did announce that Dennis Ross, the special Middle East negotiator, will be going back out to the region at the end of this week at the conclusion of the seven-day mourning period. MESERVE: And what will he be carrying in his hands? FISCHER: He will be going there, according to what I am told, to ascertain the extent to which the security situation is becoming stabilized. Secondly, he will try to do his best to do what his purpose was in going originally, which was to resume negotiations over certain issues that were left outstanding from previous talks. MESERVE: Is Mr. Ross in some jeopardy? I understand your reporting has uncovered something in that regard. FISCHER: Well, it's not surprising that he has been the suspected target of a number of assassination reports. FISCHER: None of them have been described by administration officials as what they call "near-miss events." I think this probably goes with the territory. And when you become that visible and that involved and that engaged in peacemaking, you do in fact become a target for extremist activity. MESERVE: The administration has talked about the need to rebuild trust between the parties. How does it do that? FISCHER: Well, I think the plan is that after Mr. Ross goes out there, they would like to send Secretary of State Albright out at the end of the month, or early in September, to build on whatever he is able to accomplish when he is there. I also think, though, that it's important that the president take an even more active role than he has heretofore. It might even be worthwhile considering the appointment of a special negotiator, someone of the caliber and reputation of Jim Baker, the former secretary of state, who managed to get the two parties together at Madrid, which laid the basis for the peace process that we're now seeing. MESERVE: Do you know if that's under active consideration by the administration? FISCHER: I've heard a lot of speculation around town about it, but I cannot honestly say that the administration is seriously considering it. MESERVE: And we have to leave it there. Jim Fischer of "TIME" Magazine, thanks for coming in. FISCHER: Thank you. MESERVE: When we come back, the landmark budget deal, and the future of Newt Gingrich. Frank Sesno sits down for a special interview with House Republican leader Dick Armey, next. (COMMERCIAL BREAK) (BEGIN VIDEO CLIP) U.S. REPRESENTATIVE NEWT GINGRICH (R-GA): Look at this as a promise that you ain't seen nothing yet. Even more (APPLAUSE) Thank you. (END VIDEO CLIP) MESERVE: Welcome back. Congress has cleared out of Washington for their summer holiday with a major achievement under their belts, passing the balanced budget agreement. Before they left, Frank Sesno sat down with one of the key figures in getting that done, the House's Republican leader, Dick Armey. FRANK SESNO, HOST, CNN LATE EDITION: Congressman, thanks very much for joining us. ARMEY: Well, thank you for having me. SESNO: The budget deal is done. John Kasich, Republican, says that it's another Berlin Wall coming down, it's a dream come true. The president, Democrat, calls it the achievement of a generation. It's good. It may be the best you could have gotten. But is the job, in your view, of cutting government -- is that job finished? ARMEY: No, I, you know -- and of course politicians do hyperbole. That's what their stock in trade is. But the fact is what they're doing's important. SESNO: Is that what they're doing? ARMEY: They are doing it. And it is important. And we ought not to lose sight of it. There are people like myself, Senator Gramm and others who've said that the real problem is the size of government and we need to focus on that and there's more work to be done. But getting to a real balanced budget, getting tax reductions for the American family, saving Medicare at least from the immediate death throes of insolvency that it was -- faced, these are important things, and they are things, as you know, that were difficult. SESNO: Congress is out on break. When it comes back, do you go back to the business of cutting government? ARMEY: I think what we -- we've got a lot of work to do. We have got to go back and shore up welfare reform. I think one of the very important pieces of legislation we're going to have to do is sort of plug the cracks with respect to labor standards that make work -- from welfare to work. That of course is cutting government at the federal level. We've got other areas where we can make an a greater emphasis on the greater effectiveness of the private sector. SESNO: Following this balanced budget deal and tax cut, we took a poll, CNN took a poll, and we found that 45 percent say they now approve of the way the Congress is handling its job. This is really historic. It's the highest approval rating for the Congress since Richard Nixon resigned, since the '70s. What do you believe Congress needs to do to make this stick? ARMEY: I think we need to continue doing good work for the American people, and we need to also have them appreciate not only the work we do, but the way we handle ourselves in doing the work. I think, for example, if we come back now with a package of -- that focuses on the inner cities with things like enterprise zones, greater emphasis on encouragement to the faith-based charities as they work in the inner communities. And people see us caring and working on behalf of helping people improve their lot school choice, I think, is a very, very big thing that's become elevated from this last week's work. SESNO: Now again in this poll, we asked who was more responsible for the budget agreement -- 41 percent said the Congress, Republicans; 32 percent said the president. Do you think Republicans are getting the credit because they compromised with this Democratic president? ARMEY: Well, I think what they saw is we worked with the president, This was our -- our whole budget was built on the principles of the Republican Party. ARMEY: The president said: I want in on the action. I want a legacy. I want the people to love me as much as they love this kind of program that I campaigned on. So I must govern. He managed to interject some of his details into the package of our principles. But I think the nation clearly saw this has been the Republicans agenda all along. It was in their Contract With America. The president resisted it and found himself not too popular in the effort. And now he wants his legacy, so he's joining us. I think they correctly understood we took the lead here and the president followed us along the way to get to the point SESNO: But the lesson ARMEY: of the nation. SESNO: as far as you're concerned is that the Republican Congress needs to continue to compromise with the Democratic president? ARMEY: Again, I think if we are willing to continue to lead the nation by accepting the values of the American people, and saying, these are the principle's of governance we know to be important to the American people. And then, demonstrate that with a willingness to say to the president, we want you to be in the deal working with us, and you have some details, we're not going to turn a deaf ear to you, we want you to be along. And if you want to put some of your details into the package, along as it doesn't compromise the principle, we'll do that. SESNO: A lot of conservative Republicans are sounding off on talk radio, and they say that you've compromised too much. They feel that the conservative base is not going to have a reason to turn out, perhaps, in the next election. They're disappointed. What do you say to them? ARMEY: Well, I was laughing at "we conservatives." I'm a conservative. A conservative is almost by definition an enemy to the government, big government in particular. Today, we're the government. So conservatives are going to be unhappy with us. But the fact of the matter, if the conservatives look back and say what is it the things that we value -- getting a handle on the growth of government spending, entitlement reform, welfare reform, reduction in taxes -- we have done all these things that conservatives have been wanting to do for years and have been frustrated in liberal, Democratic Congresses not doing. They say, we need to do more. I agree. We need to do more. But it's better to put your shoulder to the wheel than it is to simply stand and complain about the fact we didn't get the whole thing in the first swoop. SESNO: When can the American people expect the real. ticking time bombs to be defused, specifically Social Security and Medicare? ARMEY: I think we're very close to Medicare. We will have the Medicare commission, and I think we'll be able to do some. Social Security: the American people want serious public policy addresses to Social Security. The American people have to got to say to politicians on both sides of the aisle, stop the demagoguery, stop the politics of fear, give up all of these cheap campaign tricks and get serious about the policy. And in particular, when the Democrat Party hears from the American people, we're done with you trifling over our Social Security for your political purposes, then we'll have serious advances in that whole area. SESNO: You've got a Medicare commission written into this bill. And it will tackle such questions as raising premiums for people who can pay more, who make a lot of money, or make money, seniors, and raising the age of eligibility. That's going to be a tough job. You got anybody in mind, for somebody to head that commission? ARMEY: Well, there are all kinds of folks. You know, I mean, I think Bob Dole would be a perfect choice, and I don't know if he'd want to take that on. It's a big job of service. Bob Dole's a big enough man to do it. But I would have a lot of confidence if he would accept that responsibility for the American people. SESNO: Let's move on to another point. For all of recent past, the Republican Party has thrived on a big idea -- anti-communism, balanced budget, big-time welfare reform, cutting taxes. Essentially, the Republican Party has achieved those things. What is the next big idea for the Republican Party? ARMEY: Well, I think the first big idea we have that's already out there and alive in public discourse is a new tax code, to get rid of tax code as we know it. I think the best ideas is a flat tax. Simple, direct, honest, neutral tax code, understandable by the average American citizens on a small form. That's the first, best, big idea. But we've got other big ideas out there, too. For example, choice in automobile insurance, another initiative of mine. SESNO: Is that a big idea, Congressman? Is that a big idea up there with anti-communism, up there with cutting taxes? ARMEY: No, not up there. I mean, you know, but the point is, if you knock off all the Goliath's in the world, then you got to start taking on the rest of the problems. SESNO: No, but that's the point. Has the Republican Party -- do you think you've knocked off all the Goliath's in the world? ARMEY: I think we've done a great deal. SESNO: Don't you need a big idea, though, to ARMEY: I think the flat tax is a big idea. I think another very, very big idea is school choice. And I think breaking up the monopoly control of the American schools, vested in the National Education Association by the government, and allowing parents to select that school at K through 12 that best meets the needs of their children is a big idea, is very big with the American people. SESNO: OK, Congressman, take a quick break. We'll be right back. (COMMERCIAL BREAK) SESNO: And welcome back to LATE EDITION. Our guest, House majority Leader Dick Armey. Congressman Armey, I think as most of our viewers are probably aware, you yourself have been caught up in the politics of the Republican Party in recent weeks. Earlier this week, you characterized the differences within the party as personality conflicts. House Speaker Newt Gingrich referred to personality differences. What are the personality conflicts or differences between you and Speaker Gingrich? ARMEY: I don't think there are any conflicts. There are differences. Newt and I have always accepted that we are complements to one another. He's skilled SESNO: Well, Newt's skills and talents and interests lie differently, more in the range of vision, more in a broader range of political activity or public policy activity. I tend to be more focused on really the work of the House. And in consequence of that, we've had a great division of responsibilities, where I've pretty well have been given an enormous amount of authority as majority leader to manage the movement of legislation through the House. We feel like it's been a good working relationship, and we will continue working that way. SESNO: Do you feel you have his full trust and confidence? And do you feel that the members whom you coordinate have your trust and confidence? ARMEY: Yes to both questions. I don't think there's a problem there at all. I think the speaker's been very candid in his expression of his trust and confidence in me quite publicly, and it's a shame that he's been brought to a point where he felt the need to make those public statements. But I also have found myself working with all other members on a variety of legislative items, and I see no difference in our working relationship. SESNO: I was told by a Republican House member that at the leadership meeting a week or so ago, the speaker thundered in anger that if anybody tried to vacate the chair, kick him out of his job again, he would make sure they'd pay the price and he'd use, essentially, campaign funds to make sure they didn't come back. Is that appropriate? And is that going to happen? ARMEY: Well, first of all, I think this was a very out-of- character comment for Newt Gingrich. Newt Gingrich is not a mean- spirited person. He's a very generous person. SESNO: But he threatened -- he threatened those members. ARMEY: He was angry. He was upset. He was disappointed. And I think he was hurt. We all have these incidents. We have them within our own families. He -- the speaker gave expression to that. Immediately he understood that, one, it was not appropriate. Two, he was sorry he had made that kind of an expression of his disappointment and hurt. And three, that he set the record straight -- this does not happen; I don't do these things; and I'm sorry I even felt the urge to do so. SESNO: Would you favor using party funds? ARMEY: I do not believe in reprisals against people, and I think that we have a pattern, a very good, generous, consistent pattern in the Republican majority of supporting one another on the campaign trail and for election. We always do that. We've done it well. We do it very generously. You know, we will raise about $1.5 million among ourselves as we contribute to support our colleagues that get in difficult races. The speaker leads in that effort. And when somebody's in difficulty, he doesn't say what's their ideology? How do they feel about me? He says, do they have difficulty. Let's go there and let's help them. SESNO: Does this majority leader want to be the next speaker? ARMEY: I think the speaker will be the speaker for a long time. You can't be in the House without wanting that. If it's of service to the House, I would accept that responsibility. In the meantime, I have a big job right now, and I'm given more responsibilities than the majority leaders in the past have had. And it takes all my time and energy to do that job. SESNO: Fellow Republican William Weld. Nominated to be ambassador to Mexico. Fellow Republican Jesse Helms says you're not even going to get a hearing in my committee. How do you feel about that? ARMEY: Well, I don't know. I'm still mystified. ARMEY: I cannot understand anybody who says I will give up being the governor of a state in order to pursue being the ambassador to Mexico. SESNO: Should he have the hearing? ARMEY: Well, you know, I think that's SESNO: The Constitution says it's the Senate's prerogative to advise and consent. ARMEY: It's the Senate's business. It's the Senate's business. I am still, as I say, I'm somewhat amused at anybody willing to make that kind of a trade. And you know that -- I'm watching with some curiosity, but I think they'll work it out over there. SESNO: Does he qualify to be ambassador, in your view? ARMEY: I don't -- sure, I'm sure he is. You know, first of all, I'm not sure the qualifications for ambassadorship are all that big a thing. But if you qualify to be the governor of a state, where I understand he's done a good job, I'm sure he can be the ambassador. I just don't -- again, I don't understand why he's willing to trade down that way. It's curious. SESNO: Congressman, let's come back to Newt Gingrich again for just a moment. He's going up to New Hampshire at the end of the month for fund-raising purposes. But is he running for president already? ARMEY: My guess is Newt's going up there to do exactly what we talked to a minute ago, help the Republican Party in New Hampshire, help our good people up there, for example, Charlie Bass, a very valued member. I'm sure he's up there to help Charlie, and well he should be. And I'm -- my guess is Newt will be doing as he usually does, put the needs of the party and the needs of his colleagues ahead of any consideration he has for himself. SESNO: Let's end where we began, on the budget and the budget deal. When would you tell the American people, and indeed, the world, that the United States budget for the first time since 1969 will slide into balance, and can you sit here now and say that once it does, it will stay there? ARMEY: It will be in balance probably now before the year 2002 because of the enormous growth in confidence in the economy since we took over the majority. And yes, it will be. We are now going into an era of the politics of surplus budgets. It's going to be a whole new SESNO: The politics of deficits is over? ARMEY: I believe SESNO: That has defined American politics for years. ARMEY: It -- unless we have a configuration of Democrat president and Democrat majority in Congress, I do not expect to see deficits again in my lifetime. SESNO: And we hope that's a very long time. ARMEY: So do I. SESNO: Congressman Armey, thank you. Thank you very much. Appreciate your time today. MESERVE: Frank Sesno interviewing House majority leader Dick Armey in the Capitol. When we come back, our political roundtable, Blankley, Roberts and Brownstein. Stay with us. (COMMERCIAL BREAK) MESERVE: And welcome back to LATE EDITION. Time now to go round the table with Tony Blankley, CNN contributor and contributing editor for George magazine; Steve Roberts, columnist for the New York Daily News; and Ron Brownstein, political correspondent for the Los Angeles Times. Thank you, all three, for joining us. First the budget. BLANKLEY: Yes. MESERVE: The Republican Congress and the president would make us believe that they have saved the nation. Have they? RON BROWNSTEIN, LOS ANGELES TIMES CORRESPONDENT: They've done something good, actually. You know, the economy made this a lot easier than it would have been otherwise. But the fact is that we had, before this deal, four years of pretty much unremitting partisan warfare in Washington over every major issue. And in fact, despite all the flaws in this agreement, the two sides were forced to come together and make a deal that has an awful lot of good things in it for each side, and which has the -- I think the most direct effect of increasing confidence in that Washington can make good decisions, can come together. Approval ratings up for Clinton and Congress. That's not a bad thing. ROBERTS: Very, very important that the center held here, that the extremes were not allowed to dominate this debate. You had a few liberals like Senator Wellstone voting against, a few conservatives like Senator Gramm voting against it. Most people in the middle saw the value of accommodation, finally. Compromise has returned to Washington as a noble idea and not a dirty word. That's a big accomplishment. MESERVE: But is it going to stay? BLANKLEY: Wait a second. You say the extremes didn't have their role. We wouldn't have gotten to this balanced budget, even with the growing economy, if we hadn't had the fight. We saved $57 billion in spending in '95 and '96. The -- Clinton, as late as the winter of '95, was predicting a deficit of $200 billion forever. We needed that fight. We -- just squeezing the money out. The money that was saved by those kind of partisan fights were exactly what paid for the tax cut, and we wouldn't have had the balanced budget with a tax cut if we hadn't had the fight in the squeezing of the budget. BROWNSTEIN: And that's very much true. But also the '93 arrangement, the '93 deal that Clinton pushed through at great cost BLANKLEY: No. BROWNSTEIN: And the '90 budget that Bush put through. BLANKLEY: But both of those BROWNSTEIN: All of these things led toward a position where they were able to get over this hump without it being nearly as high as they thought earlier. BLANKLEY: But both of those tax-increase efforts of balancing the budget resulted in, as late as late '95, projecting $200-billion deficit. It was -- this is the first time since before 1980 where we actually got -- we've shrunk down -- one second, good statistic -- we've shrunk down the size of domestic spending in this budget from 21 percent of the economy to 19 percent. ROBERTS: I thought BLANKLEY: It's the first time we've had a shift in I think two generations. MESERVE: But there are still some very high hurdles ROBERTS: Yes. MESERVE: to be jumped. ROBERTS: We -- this is an important deal because it also sends a signal to the financial markets that Congress is serious, which they have not had reason to believe in a long time. I thought you were going to take your chance to admit that you were wrong, because in this very seat last week (LAUGHTER) MESERVE: Doubtful, very doubtful. ROBERTS: you said Clinton was going to veto this bill. (LAUGHTER) ROBERTS: I said he was not going to veto it. But that's all right, I don't want to say I told you so. BLANKLEY: Wait a second. You're wrong. You did say, I told you so. (LAUGHTER) I was delighted he didn't. I had been warning for months that if Republicans didn't negotiate very carefully, Clinton was going to take the opportunity to veto. They did negotiate carefully. They didn't give him the opportunity, and he didn't veto. ROBERTS: But let's mark the most important thing that was not accomplished. And that was not taking the long-range question of entitlements seriously. The Senate did do a good job by saying let's deal with Medicare by means testing premiums. I thought that was a good idea: The Republicans -- Clinton came out for it. The Republicans flinched because they are afraid of Democratic demagoguery. BROWNSTEIN: The big question out of this though is whether this kind of deal does in fact provide a building block for going on and doing things like that. And if Congress sees its approval rating rise by making deals, if Clinton sees its approval rise by making deals, they don't have to be a rocket scientist to figure out that what they're doing is closer to what the country wants than what they have been doing over the last few years when they've been sort of like this. And that can provide some momentum towards dealing with these long-range problems. It's easier in many ways for politicians to turn away from problems when things are good. But they also have more space to do so, if they're willing to take that risk. MESERVE: I want to talk for a minute about the best show in town. It may not be the "thrilla in Manila," but this Weld and Helms showdown is a lot of fun for Washington. ROBERTS: It is a lot of fun. It's the best summer movie in town. The heck with Air Force One and Contact. But what's really important here -- and there is a big downside risk to the Republican Party, because while the Weld wing of the Republican Party is not huge, it's important in the northeast. It's important in the upper middle west. And when Helms says, Bill Weld, the governor of Massachusetts, a duly elected Republican governor, is not my kind of Republican, that is a big problem, because remember a lot of Democrats quite rightly said in the '70s and '80s, I didn't leave my party, my party left me. And I think there is a danger that progressive Republicans are going to look at this fight and say: That's not my party. Jesse Helms is not my party. MESERVE: I do want to show you a piece of videotape. Joe Kennedy was asked about the Weld situation earlier today. This is what he had to say. (BEGIN VIDEO CLIP) U.S. REPRESENTATIVE JOSEPH KENNEDY (D-MA): I can't believe that somebody would give up what I consider to be the best job in America, to be governor of the state of Massachusetts, to go off to Mexico. But in the words of my cousin-in-law Arnold, you know, hasta la vista, baby. (END VIDEO CLIP) MESERVE: And no one would rather say hasta la vista than Joe Kennedy. (LAUGHTER) BROWNSTEIN: That may have been the original motivation here, to get Bill Weld out of Massachusetts so the state house would open up for Joe Kennedy. But I think Steve is exactly right. If you look at what Bill Clinton has done electorally, the most important thing has been to realign the suburbs of the northeast, the Midwest and the West Coast toward the Democratic Party. A typical voter out there is someone who is fiscally conservative, like Bill Weld, socially moderate, like Bill Weld. And many Democrats are sitting back and saying this is a no-lose situation for us. Either he goes to Mexico for the president, we have a symbol of bipartisanship, or we have a protracted fight that really pushes at the central fault line of the Republican Party to the most conservative activist Southern base and these northern suburbs that are drifting away at the national level. MESERVE: Tony, dying to say something here? BLANKLEY: This is the most overcovered ambassadorial nomination in history. (LAUGHTER) MESERVE: And Bill Weld is glad of it. BLANKLEY: And what these gentlemen have said tells me a lot about what this is all about. Washington reporters have been looking for the great division in the Republican Party going back as long as I've been in Washington, which is 17 years now. This is not a major fissure. But either we're lockstep, either we're Reagan robots or Newtoids or we're about to have civil war. In fact, the Republican Party is vastly united with a small -- I wouldn't call it a wing; I'd call it a few feathers' (LAUGHTER) that disagree on a few issues. And I don't think the public cares about this. I think this is a Washington story that loves the idea of spotting a phony schism. BROWNSTEIN: Tony, Weld is in that consensus. That's the problem. Weld is really right in there with that small government consensus which is what holds this party together in the '90s. And to effectively sort of say, we're going to read you out of the parties on these other issues has got to be damaging because you're saying that is not enough. MESERVE: Steve, let me ask you -- is Weld being stupid, or is he being foxy with all of this? ROBERTS: Foxy? I wouldn't say he's being either one. I think he's being a little dense in some ways, because if he really wants the job, he's handling it in a very bad way. BROWNSTEIN: Well, clearly, he really doesn't want the job. ROBERTS: Some people say his big problem is, if he actually gets the job, then he has to go to Mexico, you know, and not actually deal here. I think, if he wanted to job, he handled it in a very bad way. He might disagree with Jesse Helms. But the customs of the Senate say you've got to pay attention to the committee chairman. And the rules of the Senate gives these people great MESERVE: But is that his own game? ROBERTS: It certainly would not appear to be, because if it is -- if he really wants the job, he's not going about it the right way. MESERVE: And when we come back, one more trip around the table. Stay with us. (COMMERCIAL BREAK) MESERVE: Welcome back. The first installment of campaign finance hearings is over. Tony, what did they accomplish? BLANKLEY: Well, I think we in this last week saw one significant event, and that was that the White House was so holding back information that they finally drove the Democrats to vote with the Republicans to issue subpoenas. So I think that maybe the chemistry is changing a little bit. You may finally have both sides of the aisle trying to get to the facts. MESERVE: Have we learned anything? ROBERTS: Well, we've learned that the Democrats were pretty desperate for money. I think we knew that already. But we also know that they cut a lot of -- we've learned they cut a lot of corners. The Democrats cut a lot of corners. Republicans cut a few corners -- not as many as the Democrats. But the big issue has not been proven -- and Senator Fred Thompson has admitted that. He said I still believe the Chinese had a plot. But they still haven't proved that there was China money in the American system. BROWNSTEIN: The China, issue is important. But in a way, he's diverting attention from what is the strongest issue we have here. I mean, it's clear that we have irresponsibility to the point of recklessness on the part of Democrats in much of their fund raising in 1996. And Fred Thompson is reaching for an espionage scandal that may or may not be there. I think when they come back in September, they're going to be focusing a lot more directly on the campaign finance activities of the White House, the fund raising calls, the Lincoln bedroom, issues like that. And the question will be whether that generates some momentum for campaign finance reform which Fred Thompson wants, but very few other members of the Republican Party, not even all the Democrats in the Senate, want. MESERVE: Likely? ROBERTS: I think there's still the odds that there's not going to be campaign finance reform. They might get a small bill on the soft money. But Ron's right. The Republicans can shoot themselves in the foot politically. If the hearings are successful, people might want to change the system. Republicans don't want it because they run the BROWNSTEIN: None of the Democrats want it either. MESERVE: And we have to leave it there. I'm sorry. Tony, Ron, Steve, thank you all for joining us. And when we come back, we return to the Mid East and questions about the future. (BEGIN VIDEO CLIP) (UNKNOWN): This moment it will be the end -- must be the end of this bloody peace protest. (END VIDEO CLIP) MESERVE: Will it be the end? Bruce Morton has the last word next. (COMMERCIAL BREAK) MESERVE: And welcome back to LATE EDITION. Bruce Morton joins us with his last word. Bruce. MORTON: A couple of words this week, Jeanne. Strengths and shame. (BEGIN VIDEOTAPE) MORTON (voice-over): The late Eric Sevareid wrote once of the special strengths of the shameless. He meant people like the suicide bombers in Jerusalem this past week. If you aren't ashamed of killing. the innocent, you have a strength more honorable people lack. Why do they do it? Franz Fanon (ph), who wrote a lot about terrorism, said once the purpose of terror is to terrify. And at one level, that's true. But the Jerusalem bombers wanted to do more than terrify. They wanted to stop the negotiations between Israel and the Palestinians, and they succeeded. They can probably always succeed. Acts of terror will start Israelis wondering if the Palestinians really want peace, wondering whether Yasser Arafat really wants to end the terror, wondering if he does want to but can't, does he really speak for the Palestinian people or does Hamas, which sends the killers into the streets. Almost any Israeli prime minister confronting all those doubts will decide to stop negotiating. A prime minister who didn't might well be forced from office by angry Israelis who think he's caving in to terrorists. So the outlook is bleak. Arafat probably can't stop suicide bombers. They take their orders from Hamas, not from him. And this kind of terror is so simple logistically as to be almost unstoppable. Spotting a squad of Palestinian commandos is something the Israeli Army is good at. Spotting one man with a concealed bomb is much harder. And the United States? It can urge negotiations, but it can't really make them happen. Only Israel and the Palestinians can do that. And if a sizable block of Palestinians is against negotiating and shameless about the tactics they use, they will have a lot of that special strength Sevareid wrote of a generation ago. (END VIDEOTAPE) MESERVE: Much talk, and rightfully so, about the peace process and its future this week. Is the grim conclusion that peace process or no peace process, there will be terrorism? MORTON: Well, I think as long as the terrorists want to disrupt the peace process, which clearly is their aim, there will be terror. And as I said, I think the odds that they're succeeding are very good because it's so hard to stop this kind of thing. One man in baggy clothes with a bomb strapped to his body. I wonder if you can control that. MESERVE: Certainly, the solution has not been found in the Middle East. MORTON: Not so far. MESERVE: Bruce Morton, thank you so much for joining us. And we'll be right back. (COMMERCIAL BREAK) MESERVE: And that's it for this LATE EDITION. Tune in tonight for more insight into this week in politics on CAPITOL GANG SUNDAY at 7:00 p.m. Then in the crossfire, new subpoenas in the case of Bill Clinton versus Paula Jones. That's CROSSFIRE Sunday at 7:30 p.m. Eastern. For now, thanks very much for watching. I'm Jeanne Meserve in Washington. Enjoy the rest of your weekend. RECORD TYPE: PRESIDENTIAL (NOTES MAIL) CREATOR: Dag Vega@EOP@LNGTWY@LNGTWY (Dag Vega@EOP@LNGTWY@LNGTWY [ WHO ]) CREATION DATE/TIME: 4-AUG-1997 08:38:39.00 SUBJECT: FOX News Sunday, 8/3/97 TO: [email protected]@INET@LNGTWY ([email protected]@INET@LNGTWY [ OSTP ]) READ:UNKNOWN TO: Lorraine A. Voles@ovp@eop ( Lorraine A. Voles@ovp@eop [ UNKNOWN] ) READ:UNKNOWN TO: Virginia M. Terzano@ovp@eop (Virginia M. Terzano@ovp@eop [ UNKNOWN ]) READ:UNKNOWN TO: Gene B. Sperling@eop ( Gene B. Sperling@eop [OPD]) READ:UNKNOWN TO: Laura D. Schwartz@eop ( Laura D. Schwartz@eop [ WHO ]) READ:UNKNOWN TO: steven j. naplan@eop ( steven j. naplan@eop [NSC]) READ:UNKNOWN TO: Kevin Moran@eop ( Kevin Moran@eop [ WHO ]) READ:UNKNOWN TO: Lorraine L. Wytkind@eop (Lorraine L. Wytkind@eop [ WHO ]) READ:UNKNOWN TO: GN. Lattimore@eop (GN. Lattimore@eop [ WHO ]) READ:UNKNOWN TO: Angus S. King@eop ( Angus S. King@eop [ WHO ]) READ:UNKNOWN TO: Daniel J. Gunia@eop ( Daniel J. Gunia@eop [ OA ]) READ:UNKNOWN TO: Jason S. Goldberg@EOP (Jason S. Goldberg@EOP [ WHO ]) READ:UNKNOWN TO: Karen E. Finney@eop (Karen E. Finney@eop [ WHO ]) READ:UNKNOWN TO: Rahm Emanuel@eop ( Rahm Emanuel@eop [ WHO ]) READ:UNKNOWN TO: Michelle Crisci@eop (Michelle Crisci@eop [ WHO ]) READ:UNKNOWN TO: Jill M. Blickstein@eop ( Jill M. Blickstein@eop [ OMB ]) READ:UNKNOWN TO: Michael Waldman@eop (Michael Waldman@eop [ WHO ]) READ:UNKNOWN TO: Barry J. Toiv@EOP ( Barry J. Toiv@EOP [ WHO ]) READ:UNKNOWN TO: Darby E. Stott@eop ( Darby E. Stott@eop [ WHO 1) READ:UNKNOWN TO: Joshua Silverman@EOP (Joshua Silverman@EOP [ WHO ]) READ:UNKNOWN TO: Christa T. Robinson@eop ( Christa T. Robinson@eop [ UNKNOWN ]) READ:UNKNOWN TO: Alison Muscatine@eop ( Alison Muscatine@eop [ WHO 1) READ:UNKNOWN TO: April Mellody@eop ( April Mellody@eop [ WHO ]) READ:UNKNOWN TO: Julie E. Mason@eop (Julie E. Mason@eop [ WHO ]) READ:UNKNOWN TO: Heidi Kukis@OVP@EOP (Heidi Kukis@OVP@EOP [ UNKNOWN ]) READ:UNKNOWN TO: Russell W. Horwitz@eop (Russell W. Horwitz@eop [ OPD ]) READ:UNKNOWN TO: Julia R. Green@eop (Julia R. Green@eop [ WHO ]) READ:UNKNOWN TO: Jeremy M. Gaines@eop ( Jeremy M. Gaines@eop ['WHO]) READ:UNKNOWN TO: Paul K. Engskov@eop (Paul K. Engskov@eop [ WHO ]) READ:UNKNOWN TO: Anne M. Edwards@eop ( Anne M. Edwards@eop [ WHO ]) READ:UNKNOWN TO: Steven A. Cohen@eop ( Steven A. Cohen@eop [ WHO ]) READ:UNKNOWN TO: Lori Anderson@eop (Lori Anderson@eop [ WHO 1) READ:UNKNOWN TEXT: Message Creation Date was at 4-AUG-1997 08:24:00 FOX NEWS SUNDAY AIRED ON SUNDAY, AUGUST 3, 1997 WITH HOST: TONY SNOW INTERVIEW WITH: HOUSE SPEAKER NEWT GINGRICH (R-GA) MR. SNOW: Three-and-a-half years ago, Newt Gingrich became House Speaker. At the time, he was the hottest property in politics and Bill Clinton was in hot water. Well, now the president is enjoying stratospheric approval ratings, and the Speaker's numbers are plunging earthward. So, why is Gingrich smiling? Well, let's find out. One year after his first appearance on Fox New Sunday, we're joined from Atlanta with Speaker of the House Newt Gingrich. Mr. Speaker, before we begin we want to thank you for joining us, but also wish happy birthday to your wife Marianne. REP. GINGRICH: Well, let me just say, I'm delighted, and appreciate her approval of my spending part of her birthday with you instead of her. I'm smiling because we cut taxes, reformed welfare, balanced the budget, and saved Medicare, and that pretty much, in terms of what the Contract with America started in 1994, that's a historic achievement to be able to come back and continue to work towards goals the American people want. And I think the bills we passed this last week are truly historic. MR. SNOW: Mr. Gingrich, I want to talk in more detail about those. But, first, I want to play off this morning's headlines. The Hamas, the Islamic separatist group, has said that it is -- it plans more violence against Israel unless Israel releases political prisoners later today. What's your reaction to that? REP. GINGRICH: I think the Israelis have every right to protect themselves. I think they have every right to go after Hamas wherever they can reach it. I think the Palestinian Authority has been tragically lacking in its willingness to live up to its part of the agreement. Congressman Jim Saxton of New Jersey has an amendment which would cut off all money going to the Palestinian Authority unless they begin to actively pursue terrorists. And I think the United States should come down firmly on the side of protecting innocent citizens and opposing terrorism, and flatly let it be known in the Middle East that we will be supportive of steps needed to protect innocent Israelis. MR. SNOW: Mr. Gingrich, as you know, the House is out for the next month, so nobody can act on that particular piece of legislation. If the situation us unchanged four weeks from today, is that the first item on your agenda when you return? REP. GINGRICH: It will certainly be in the first week or so when we get back. That amendment has, I think, broad and growing support. I think the clear evidence that Yasir Arafat and the Palestinian Authority have not only not stopped terrorism, but they've actually had people in their organization helping terrorists, the fact that Israelis have been dying, and I think the very fact that the Hamas is as bold as it is in its new statements, indicates that the United States needs to be prepared with a new and tougher, and more anti-terrorist strategy for the Middle East. MR. SNOW: You had breakfast the other day with the president. Is there any indication, at least from what you could glean, that the president is ready to take the same sort of stand that you've just outlined? REP. GINGRICH: Well, let me say, I'm not going to comment on anything about the private breakfast we had and the things we discussed. But I will say, in general, I think the administration is very concerned about what's happening, and I think there is a growing sense in the administration that the Palestinian Authority is not doing its job. And certainly Hamas' announcements today, I think, will be condemned by President Clinton. MR. SNOW: Israeli Prime Minister Benjamin Netanyahu has been under fire in his own country. And, as you know, President Clinton did not support him when he was running for Prime Minister nearly a year-and-a-half ago. Do you think the United States might be gaining strange new respect for the Israeli Prime Minister? REP. GINGRICH: Well, first of all, I don't think Americans have the right to pick prime ministers for Israel or any other country, so -- but Netanyahu won an election fair and square in a free and open society. The only truly open society in the Middle East. And he deserves the respect of all Americans as the chosen leader of Israel. In addition, I think once we now realize how deeply embedded terrorism is, and how overtly the Palestinian Authority is prepared to support terrorism, including killing Palestinians simply for selling land to Israelis. I think it's becoming increasingly clear that the PLO -- Palestinian Authority has not given up tacit support of terrorism, and maybe there's a growing sense of awareness of the challenges that Netanyahu faces in preserving the security of Israel. And, frankly, saving the lives of innocent Israelis. MR. SNOW: Is it, therefore, time to shut off peace talks until the Palestinian Authority changes its ways and maybe kicks out some people? REP. GINGRICH: I don't -- I think the issue is not so much cutting off peace talks as it is imposing steps that are necessary to protect innocent people. And if that includes raids into Palestinian territory, if that includes, frankly, arresting some of the Palestinian Authority leaders who, themselves, have engaged in terrorist acts, whatever steps have to be taken ought to be taken, and the Palestinian Authority should know that it's only going to survive within a framework of security. It is not going to survive supporting and tacitly helping terrorists undermine the security of innocent Israelis. MR. SNOW: So you would support official Israeli action, including military strikes, in West Bank areas controlled by the Palestinian Authority, if that were necessary to knock out what you call terrorists? REP. GINGRICH: A key provision in the United Nations charter is the r ight of any state to protect itself. It is clear that terrorism is being sustained in the Palestinian territories. Israel clearly has the right to protect its own citizens. It is innocent Israelis who are being killed. And I think any American would understand a government that took active steps to protect the lives of women and children in marketplaces. MR. SNOW: Has Yasir Arafat lost all credibility as a leader as far as you're concerned? REP. GINGRICH: He has in the Congress. I think there are very few people who believe anything he says. And I think that he has squandered what was a great opportunity to build genuine peace in the region, and now the question is, where do we go from here? MR. SNOW: All right. Mr. Speaker, another foreign policy issue, Bosnia. The president has set a June deadline for removing American troops, but recently seems, well, to say that that might be more difficult than he thought, and maybe our troops would spend more time there. Should our troops be removed on time next June, come what may? REP. GINGRICH: I think we ought to look very carefully and cautiously at the region. I think that it's clear that right now, in a way, we're becoming a hindrance to a solution because the Serbs and the Croats and the Bosnian Muslims are all sort of waiting for us to do something instead of doing their own job. It is tragic how the hatred and the bitterness and the bloodshed has blocked even, for example, connecting the telephones, and has weakened the economy of the region. I think that, on the one hand, if we don't indicate a willingness to back out and to make them solve their own problems, they could be sitting there 20 years from now. On the other hand, we have to move very cautiously because I don't think it would take much for the war to start again, and for us to be right back in the bloodshed of just a couple years ago. So, I think we ought to be very cautious and careful, and not make any automatic assumptions. MR. SNOW: So, you're saying there should be no guaranteed, automatic June removal day? REP. GINGRICH: I'm also saying there may be a way where we can have forces in Hungary and forces off the shore on the Adriatic, and support a NATO contingent that stays there. There are a lot of ways to look at solving it. I'm just not sure that we should be precipitously create a power vacuum in a region that would start a war again. MR. SNOW: Do you think we have a big enough defense budget? REP. GINGRICH: No. I think that there are very real challenges. However, I would also say, we ought to reform the Pentagon. There's too much paperwork, too much middle management. It takes much to long to build new weapons systems. We ought to be applying the lessons of major corporations of Microsoft, of Wal-Mart, of General Electric, of Ford Motor Company, places that have modernized to the information age. And we ought to develop a much leaner and much more efficient Pentagon. Within that framework, maybe there's enough money, but currently there clearly is not enough money both to sustain what we're doing, to train our troops, and to buy the new weapons we need for the 21st century. MR. SNOW: There is S story today in the Dallas Morning News that the military is going to take another look at the Don't Ask/Don't Tell policy towards gays and lesbians, in part, because the military has kicked out more gays in the last year than ever before. Your response? REP. GINGRICH: Well, I think that we have to look at the entire issue of sexuality in the military. The military has become sort of a laboratory and public, on national television every night, and we have to somehow, I think, take a deep breath and take a step back, and whether that requires a commission, or what it requires, to look at the whole issue of sexual relationships. You know, you don't hire a military as a social laboratory. You hire a military in order to save your country, in order to fight in a war, in order, if necessary, to believe to die for your country. And I think that the demoralization of the military right now is significant based on a whole series of activities and incidents over the last six or eight years that have consistently kept the military psychologically on the defensive, and been very, very, I think, demoralizing to the active duty personnel that are trying to figure out, how do you recruit and train a force that's prepared to fight i n combat in a country which is rapidly changing its own norms. MR. SNOW: Mr. Speaker, it has been argued that it was much easier to integrate the military racially than sexually. Do you think it's a mistake to get women too near the combat zone? REP. GINGRICH: I think that it is inevitable in a modern combat environment, which does not have a front line. That if you're going to have a significant number of women in the service, they're going to be in combat. An ammunition truck driver with a mobile force is in combat. A helicopter pilot for a medical evacuation helicopter is in a very dangerous zone. A woman aboard a ship at a time of real combat is in combat. We just have to confront the reality that if women are going to be allowed to serve their country and certainly with modern weapons evolving, there's no reason that women can't play a major role in defense -- they're going to be at risk, and that's a reality. That's not what's causing the problem. What's causing the problem is the same thing you're seeing in corporations, the same thing you're seeing across the board. You know, we had a proposal last week, for example, to allow private sexual harassment suits for welfare trainees who are leaving welfare. I mean, there's a pervasive sense now of trying to litigate and restructure human relationships in ways that I think we haven't finished sorting out as a society, so it shouldn't surprise us that we haven't finished sorting them out for the military. MR. SNOW: Let's now turn to what you discussed at the outset of this show, the budget agreement you reached last year - - last week with the president. REP. GINGRICH: I know it seems like a long time. MR. SNOW: You've described it as a great triumph. Nevertheless, that feeling is not shared by some of your Republican colleagues. Let me read you a quote from Jack Kemp. He says: "This tax bill is making the tax code a nightmare of tax credits and Washington directed social engineering." Are you happy with the tax bill? REP. GINGRICH: No. I'm -- but I'm more happy with this tax bill than with current law. First of all, Jack Kemp headed the commission that Bob Dole and I appointed him to where he reported back that taxes are too complicated, and that small businesses spend more to keep track of taxes than they do to actually pay the taxes. So, Jack and I are in agreement on simplification. Second, I wish Jack Kemp were the vice president. If Jack Kemp were vice president and Bob Dole were president, we would have a dramatically deeper tax cut. We'd have indexing of capital gains. We'd have all the things Jack believes in. But Jack didn't win. So part of what we're faced with is, three-and-a-half years of working with the president who did win, and trying to find a way to get bills signed that move us in the right direction. And I sympathize with Jack's frustrations, but the fact is, this bill does cut capital gains tax. It does have a $500 per child tax credit. It does have educational tax breaks so children can go to college and vocational/technical school. It does have an improvement in the death tax benefits so that family farms and family businesses will be able to keep more of their money and not be sold just to pay the taxes. And I think those are all things that Jack Kemp, I hope, believes are useful things. MR. SNOW: Mr. Speaker, you sound as if you're lecturing conservatives who complain that this budget spends too much and taxes too much. Are you telling them -- I think you are, I want to summarize, I've done everything I can do as House Speaker with a Democratic president. So back off? REP. GINGRICH: No. I'm telling them, this was a fairly good bill which, overall, moves in our direction, which saves Medicare, actually cuts spending, it does not increase spending, there's a $600 billion reduction in entitlement spending in this bill. It also cuts taxes in a direction conservatives have always said mattered, including the tax cut that Jack Kemp always said was the most important, the capital gains tax cut. But it also has $500 per child as a tax credit, educational tax credits for college and vocational/technical school, an improvement in the death tax benefit, which every conservative says they agree with, and other tax breaks that are good for job creation and productivity. But let me go a step further. Bill Archer is chairman of the Ways and Means Committee. We're going to move another tax cut in '98. My point to conservatives would be, take this half loaf, you know, put some jelly and jam on it, enjoy it. Now, let's bake another half loaf in '98, then let's win the '98 election, pick up 20 or 30 seats in the House, four or five in the Senate, let's come back in '99, have another tax cut, come back in 2000, have another tax cut, these four tax cuts, all signed by Bill Clinton, will move us towards a country with smaller government, lower taxes, more growth. It seems to me that's what conservatives stand for. And while we may not get everything every day, as long as we're moving in the right direction, let's keep pushing forward. Let's not sit around and gripe and complain because we only got half a loaf when we really wanted to have the whole loaf. MR. SNOW: Mr. Speaker. We'll get back with more tips from Chef Gingrich in just a moment. Stay with us. (Announcements.) MR. SNOW: We're back with House Speaker Newt Gingrich. And I'm joined by our panel, Juan Williams of the Washington Post and Fox News, Mara Liasson of National Public Radio and Fox News, and Andrew Ferguson of just the Weekly Standard. Brit Hume is off today. Mr. Speaker, I want to continue the line of questioning we started, and then we'll open it up to everybody. You've talked about what a triumph this particular budget is for Republican principles. Let me read you a quote from Representative Mark Souder of Indiana. He says, where do we go from here? We took the taxes-balanced budget thing off the backs of the liberal Democrats, we delivered on some of our promises. People are going to be asking us, why should I. vote for you rather than a Democrat? You've just talked about picking up a lot of seats in the House and Senate next year. What is going to persuade voters that it makes any sense to elect a Republican in 1998? REP. GINGRICH: Well, let me start by saying, I often criticize the Atlanta Constitution and Journal that they spent today an entire section, this is an eight page section, just explaining how many things there are in the tax cuts, and how they affect real families and do things for real people. I think that's important to remember. Now, you have proof that a Republican Congress does make a difference. Every family with children is going to have real proof in January. Everyone who saves and invests is going to have real proof beginning May 7th of this year. Everyone who has a small family farm or a family business is going to have real proof when they do their estate planning. MR. SNOW: Mr. Speaker, I understand that, but -- REP. GINGRICH: Okay. But, the point I'm making, this is a launching point, that I think Mark Souder, frankly, who's a very bright member, needs to just integrate into his thinking. Now it's not just rhetoric, now in the real world people are better off. In 1998, as I just said, we're going to offer another tax'cut. It's going to be a substantial tax cut. And we're going to pit tax and spend foolishly, not just tax and spend, but tax and spend foolishly against cutting taxes. Let me give you the examples just from this summer, the Earned Income Credit under the Clinton administration has $5.3 billion a year of waste, fraud and error. That's their own number from the Internal Revenue Service. The Medicare, according to their ow report, under the Clinton administration has $23 billion a year of waste, fraud and error. There was a report out last week that home health under the Clinton administration has a 40 percent error rate, 40 percent error rate, which you're paying for unnecessarily. The Internal Revenue Service, if you send in a paper form, 22 percent of all paper tax forms have an error, 11 percent by the citizens, 11 percent by the Internal Revenue agents under the Clinton administration. That means you're paying an IRS agent a full time salary to mishandle every 10th tax return that they're dealing with. Now, my point is this -- MR. SNOW: Mr. Gingrich -- REP. GINGRICH: I'm not trying to filibuster, I'm trying to create a framework here. The Republican Party next year is going to run as the party that wants to cut out waste, error and fraud, in order to reduce your taxes. We're going to have a substantial tax cut in 1998, in addition to having welfare reform implementation, in addition to having other steps to decentralize government back home, and we think that people are going to prefer lower taxes, a smaller government, less waste, fraud and error, compared to the Clinton administration's big bureaucracy approach. MR. SNOW: Well, of course, what you'll get -- let me back up. You talked about all the triumphs in this bill. I hazard to guess that the same newspaper will carry poll results, like many others, that indicate that people think the president deserves more of the credit, and people are approving of his handling of the economy more than Republicans. REP. GINGRICH: Actually, CNN on Friday came out with just the opposite numbers. So I'll let you choose your pollster. But, your competitor's poll on Friday said, people gave us the advantage in terms of who did -- got the best job done. People gave Congress the highest rating, according to their poll, since 1974. So we'll wait and see. My point is, as people see in their pocket that they have more real spending power, the Republican Congress will have more meaning in their lives. And if we then continue this September with welfare reform implementation, with cutting out waste, fraud and error, with shrinking the federal government's unnecessary bureaucracies, with reforming the Pentagon, as I mentioned earlier, and we then have another tax cut in '98. I think it begins to be very clear that having a Republican Congress does make a difference. MR. SNOW: Mr. Speaker, I'm going to ask you one last question and then turn it over to my colleagues. You just mentioned welfare. I spoke with Senate Majority Leader Trent Lott earlier this week. He said that he accepted a conservative critique. He said, this bill keeps in place regulations, Labor Department regulations, that make it virtually impossible for people like Tommy Thompson in Wisconsin, and other highly touted Republican and Democratic governors, to maintain their present welfare reforms, because the Labor Department has ruled that you have to pay them basically standard union wages and benefits, REP. GINGRICH: It would be more accurate to say that this bill says nothing about that. And we will be moving a bill in September, which will be the Welfare Reform Implementation Act. I'm calling on every governor, all 50 of them, to come out publicly and indicate the changes they need. We'll have a task force led by Clay Shaw and Jim Talent, and Bill Goodling that will be developing the bill. And we hope we'll have every governor in the country strongly supporting the bill. I don't believe the president can veto that bill when it's clear that it's the key to implementing welfare reform, because I don't think the American people want the labor unions and the liberal bureaucrats to destroy welfare reform. MR. WILLIAMS: Mr. Speaker, you were talking earlier about poll numbers. And part of those poll numbers indicate that most Americans view the budget deal as unfair. That is to say, that if you look at all the provisions in that budget bill, where the breaks come, they disproportionately go to people who are wealthy, the top 1 percent of the country, especially in terms of those inheritance tax breaks. REP. GINGRICH: Juan, that's just not true, MR. WILLIAMS: Well, I think it is true. REP. GINGRICH: The fact is, the vast majority of this bill, the ove rwhelming majority of this bill, is the $500 per child tax credit, which is a middle-class tax credit. The second biggest part of this bill, some $40 billion, is educational tax breaks, which go overwhelmingly to the middle class for college and vocational technical school. And those are the two biggest areas of the tax bill. So those two parts of the tax bill are about three- fourths of the entire tax bill, and they go overwhelmingly to people earning $75,000 a year or less. The fact is the liberal Democrats, many of whom voted against the bill, were effective in their propaganda and some people in the news media picked up on it. But, it's not factually true. The factual truth is that this bill, with its $500 per child tax credit, and its educational tax credit, is very, very favorable to the middle-class. MR. WILLIAMS: But, Mr. Gingrich, I think it's factually true that Republicans are going to be waving the flag and saying, to their Republican constituents, look, we got you a tremendous break when it comes to what? Capital gains, capital gains, are available only to the very richest of Americans. And I think the second thing to say here -- REP. GINGRICH: That's not -- again, that's not true. MR. WILLIAMS: The second thing to say here is that when you look at this deal that the Republicans are celebrating and Republicans are known for their fiscal responsibility, it's a surprise to me that there would have been a balanced budget if you had done nothing. But, now there's going to be a five-year delay, given that you've handed away all these tax breaks. REP. GINGRICH: Well, now you made two different points. I'm going to try to handle both of them quickly. First of all, the president himself said flatly, that if you look at the real numbers, you would not have had a balanced budget without the $600 billion in entitlement reforms, because beginning next year the deficit would start increasing if you didn't do something to entitlements. So I think we needed this bill to get to a balanced budget. Second, on capital gains, the most popular middle-class cut in capital gains is simple, if you sell your house and you have up to a $250,000 for an individual, or $500,000 for a couple, you don't pay any capital gains tax on it. That is a huge middle-class tax break. But there's another part that liberals seem to miss. Almost half the country now has some stock, is involved in some investment. Thirty-two percent of seniors said the most important tax cut they wanted was the cut in the tax on savings and investing capital gains, because that's what they've done all their lives. And now they're at a point in their life where when they sell their stock, or they sell whatever assets they have, they don't like paying the government all that extra taxes. So I think you'll be surprised to find that there are a lot of people who are glad they're not going to pay a tax when they sell their house, and that's going to be a very popular tax cut that affects the middle-class. MR. WILLIAMS: Well, I think everybody is happy when they don't pay taxes. I'm happy if you give me candy. But, at the same time don't you think that at a time when the stock market is hitting 8000, going crazy, that we as a society, as an affluent society, should have some sense of fairness about people who are hard-working people, you know, people who might not even have job, about making sure that some of that money goes to them? REP. GINGRICH: Well, first of all, you have the lowest unemployment rate you've had in a quarter-century, and the lowest, for example, black teenage unemployment rate that you've had since 1969. So part of our goal in welfare reform is to get more people trained to go out and get a job, because we think they should have a job. Second, this tax cut includes $500 per child for anybody who has a tax liability. So we think that whether you're the working poor or the middle-class, that $500 tax credit per child is going to be a big asset to you, and is going to help you in terms of being able to take care of your own child, rather than have a bureaucrat do it for you. We think that's a very important social policy, and that's the largest single tax cut in this bill. MS. LIASSON: Mr. Speaker, you say that this budget deal saved Medicare. In fact, most of the experts say it merely put off reckoning with Medicare. Trent Lott said that he's ashamed of the House of Representatives, he's ashamed of the president for not stepping up to the plate on reforms like means testing, or raising the eligibility age or whatever. Now, is the House going to show some courage next year and do something about long-term Medicare reform, or is it just going to have this commission put off the problem until after the next election? REP. GINGRICH: Let me just suggest to you, as a matter of courage, it was the United States House Republicans in 1995 who created the Medicare reform bill with medical savings accounts and provider sponsored networks, which gave more choice to senior citizens so they had the right to choose, like their children and grandchildren. And we did that bill at a time when the unions were about to launch thousands of ads. We did it at a time when people said it was much too radical. And in terms of courage, we stuck with that bill. And this week it got passed by overwhelming majorities in both the House and Senate. So I think we've proven the courage issue. But, there's something deeper here. If your mom or dad goes in the hospital and the doctor comes out and says, well, we've saved them for another 10 years, you don't say, gee, you didn't do much. You say, that's really pretty tremendous. Medicare was on the verge of going broke. We saved it for 10 years and we established a commission, appointed by Senator Lott and the president and myself, which will look at how to save Medicare for the baby boomers and their children. I think there's a little industry in Washington right now that says, well, okay, so you saved it for a decade, that doesn't count. Okay. So you balanced the budget, that doesn't count. Okay. So you cut taxes, that doesn't count. I know there's a sort of passion and need for cynicism in some parts of the city, but the fact is, saving Medicare for a decade was hard work and a big deal and it changed the whole dynamic of that issue. Getting the AARP, the American Association for Retired Persons, to support it was a very important step in the right direction towards reform. We took every major step we could this year. We'll be back again in 1999, when the commission reports and we'll take more steps. My hope, is we'll pass a Medicare reform bill in 1999. And I think that's a very important direction for us to go in. MR. SNOW: Andy. MR. FERGUSON: Mr. Speaker, I think as Tony mentioned earlier, you're now, by acclamation, the most unpopular politician in America. The new Wall Street Journal poll has your approval rating below 20 percent, which I think is significantly lower than President Nixon's was right before he resigned. REP. GINGRICH: That's actually -- Andy, that's actually not accurate. If you look at their total poll, my job approval rating is up in the mid-30s. MR. FERGUSON: Okay. Well, mid-30s isn't going to set the house on fire. But, I guess the question comes is, you've always said the Republican movement to reform government and so on was more important than any one man. Does there come a time when you might be -- serve the movement better by stepping aside, letting someone, going into this next election, lead the Republicans, who is more popular? REP. GINGRICH: Let me just ask you, Andy, since the same Wall Street Journal poll showed that people favored a Republican Congress by 6 percentage points over the Democrats and showed that Congress had its highest approval rating since 1974, at what point will you and your magazine decide that maybe we're doing something right? I mean, doesn't it strike you as ironic? We have a six-point lead Friday, in terms of which party would you favor. We have the highest approval rating since 1974. We passed a tax cut bill, we saved Medicare, we balanced the budget. And, in fact, the poll itself showed that my approval rating was better than it had been in October or November of 1995. They didn't print that part of the poll. They printed a totally different question that had nothing to do with whether or not people thought I was doing my job. MR. SNOW: Okay. Mr. Speaker -- REP. GINGRICH: Doesn't that just -- don't you just find that sort of fascinating. And let me go one step further. The real fight in Washington is Dick Gephardt, who voted against his president, who split his party, who had a tiny minority, 52 on the spending bill and 42 on the tax bill. The Republican party was totally unified, 226 voted for the tax cuts, 1 voted no. Don't you find it difficult to sustain this story about how much trouble we're in, when on vote-after-vote we're winning, and on vote-after-vote we're unified. And doesn't that give you some pause to your basic premise? MR. SNOW: Mr. Speaker, hold that fire. We'll be back in just a minute with round three with House Speaker Newt Gingrich. (Announcements.) MR. SNOW: We're back with House Speaker Newt Gingrich, and our panel, Juan Williams, Mara Liasson, and Andy Ferguson. Andy, you pick up the questioning. MR. FERGUSON: Yes. Mr. Speaker, if I could just follow up on this last question. If I could put it in sort of raw political terms, you've got a number of Republicans, some of them even publicly saying that you're a drag on them in their districts because of your unpopularity. Now, if you were a Democrat and you were running next year, wouldn't you run, prefer to run, against a Congress, a Republican Congress, being led by Newt Gingrich rather than one being led by a much less unpopular leader? REP. GINGRICH: Andy, let me just suggest to you that you read Michael Barone's Almanac of American Politics that came out about a month ago. Barone is probably the best student of politics in this country today. He makes the point that in 1996, they tried what you just said. They had 120,000 negative ads in the country attacking me. They made it a referendum on me. And, as Dick Armey pointed out a few days later, there was a referendum on Newt Gingrich, the press all piled on, they all said it was a referendum. We won. We kept control for the first time in 68 years. Now, at some point, I think you all are just going to just relax and conclude that if you have a team that won for the first time in 40 years, that's 1994. They won for the first time in 68 years in keeping control, that's 1996. They kept their word on the Contract with America and passed a balanced budget with lower taxes and saved Medicare. That's this last week. Maybe that team is doing pretty well. And, in fact, if that team votes pretty consistently on the floor, maybe despite all the soap operas and situation comedies that you guys help create, the fact is, on balance, this party is doing very well. It's the Democrats who have Dick Gephardt in rebellion. It was the Democrats who were split on the vote last week. And I just find it fascinating that somehow, you know, Gephardt manages to vote against his own president, to vote against his own party, but he made a speech in lowa, I think, on Saturday saying they were really unified, while he voted no. We actually are unified, and your focus is on whether or not people are grumbling behind the unity. MR. WILLIAMS: Well, let me just jump in for a second and ask you about the District of Columbia. This week, there was a major bill passed, and I think I want to congratulate you on it as a resident of the District of Columbia. It puts a lot of money into the District, retires pension problems that were here. But, at the same time, it has exposed Delegate Eleanor Holmes Norton to a lot of criticism, and a lot of people who say, well, Home Rule has been squandered, and it created a sense among some people that a black population is now being dominated by a white, predominantly white, Capitol Hill led by you, and you really don't care, you just want to take away democratic rights from the District of Columbia. REP. GINGRICH: Well, first of all, as Delegate Norton has said, Home Rule includes the word ``rule". I think if the Washington City government had cleaned itself up, we have them two-and-a-half years to get the job done, and instead of going off on foreign trips and failing to get the job done, if they had focused on getting the job done, I think you wouldn't have this bill. But the fact is, the citizens of Washington deserve better government. The children of Washington deserve better schools. And the people of America deserve a national capital they can be proud of. MR. WILLIAMS: So you want Mayor Barry to step down, is this all directed at the Mayor? REP. GINGRICH: No. No, it's not. The City Council, frankly, has not been as helpful as it should be either. The fact is, we are temporarily turning a great deal of power over to appointed officials in order to clean up the mess which the city government allowed to evolve. Now, I think, that the country deserves to have a capital it can be proud of. It was a very reluctant step on our part. We don't like doing it. As you know, I have defended and protected the city's home rule for the last two-and-a-half years, but if we were going to get the scale of reform we needed, including enterprise zones and zero capital gains tax for investment, and other steps designed to really make sure the city could grow and attract people back into the city, then we had to, I think, also have some management reforms. I thought it was very sad situation, but I think the city council, and the Mayor, by their failure to act responsibly, forced us into basically what the city of -- the State of New Jersey has done in the past with cities. It's not unusual for a state government to have to step in when a city government does a terrible job. That's the problem we found ourselves with. MS. LIASSON: Speaker Gingrich, I want to ask you about Congressman Jay Kim, who has just pled guilty to some finance --campaign finance violations. Do you think he should resign his seat? REP. GINGRICH: I don't know enough about the case at this stage to comment in any detail. I think it has to be thoroughly reviewed, and I think that will happen in September when we come back. MS. LIASSON: Let me ask you a follow-up about this. You know that Congressman Shays is planning to move forward with campaign finance reform. He's someone who has been very loyal to you. Do you owe him one? Are you going to back him up when he comes forward? REP. GINGRICH: Well, I've told Chris that I want to work with him on campaign reform, but any campaign reform which does not include the unions remember, the unions already this summer are running commercials which clearly violate the common cause model of campaigns, and which have not yet been subpoenaed by the Senate, and have not yet been looked at in terms of finance reform. So, I would simply say, any reform which moves, ought to include the unions. And we ought to look at exactly how the reform would work in the real world. MS. LIASSON: So, you're not going to back him up? REP. GINGRICH: I think -- I hope he's going to look at this whole issue and help us move forward in a positive way. But I think one of the things people need to realize is, we're only in the opening stages of an investigation which will teach us a great deal more about what actually happened in 1995-1996, and I think it will be useful to know who broke the law, what laws were broken, before we rush off in order to change the laws, since much of what happened in '95-'96 was breaking existing law. MS. LIASSON: Well, Senator Thompson hasn't been able to come up with a smoking gun. Do you think that Congressman Burton is going to be able to do better when his hearings begin? REP. GINGRICH: Well, let me say, first of all, I think Senator Thompson has come up with some very troubling facts, and some very troubling admissions by people. There clearly was more money laundering in 1996 by the Democrats than any time since 1972. We've never seen this scale since the reforms of the late '70s. I think we'll learn more things as the hearings go on. I think that Chairman Burton's committee is involved in a very deep, thorough investigation of law breaking, and I think that they will reveal some very troubling things. MR. WILLIAMS: What about the question of whether or not Janet Reno still has the trust of the Congress? REP. GINGRICH: Well, I think Senator Lott said it well the other day. I think that there is a very deep sense that there should be an independent counsel, and a great deal of trouble that the Justice Department has been blocking, for example, allowing the Buddhist nuns to testify. There's no reason to stop them from testifying, and it certainly looks like she is politicizing the Justice Department. MR. SNOW: Mr. Speaker, Human Events reports this week that Bob Barr, a Republican from Georgia, is going to introduce a motion to call Janet Reno to the Hill and explain herself. Do you support that? REP. GINGRICH: I think she should have to explain why they're taking many of these steps. I think, frankly, we should be looking at, if necessary, subpoenaing documents that indicate, what are the trail of decisions here? I find it very troubling that you can have this much evidence of clear law breaking, and still have --and law breaking which extends very high up, and still have no independent counsel, and have the Justice Department acting as though it was shielding the White House from the Senate investigation rather than helping the Senate. MR. SNOW: You think she's -- you think she's running a cover-up? REP. GINGRICH: I didn't say that. I just said it's troubling. I think what Congressman Barr is trying to do is get at the underlying facts of why is it happening, and whether or not it is a cover-up. We don't presently know enough to say it is, but it certainly is not an active, aggressive effort to get the truth out in the open. MR. SNOW: Mr. Speaker, nearly four weeks have passed since some members of the House -- well, I don't -- plot may be too strong a word -- talked about replacing you. Do you have any confidence that you're not going to have at least one more attempt at your leadership or speakership before the end of the year? REP. GINGRICH: Let me just say, we have the narrowest majority since 1954. And I said the day after the election, it will be very tricky to lead a majority of only 10 or 11 members with a Democratic president in the White House. On the other hand, the fact is that well over 200 members of the House favor my being speaker under any circumstance. You know, I think I probably have more support than O'Neill did as a percentage of my conference. I have more support than Wright or Foley did as a percentage of my conference. And I think there that there are a handful of people who gripe occasionally, but there was never a coup. It was all exaggerated. People have the right to complain, and I don't run a machine. I encourage dissent. I encourage openness, and I encourage people to be able to get out in the open what they're concerned about. That, then, sometimes I think gets hyperventilated, and goes into sort of a soap opera. But the fact is, on every vote that mattered, we won. On every vote that mattered, we were unified. And, as a party, we are achieving the goals we set out to. We are cutting taxes. We are balancing the budget. We are saving Medicare. MR. SNOW: Mr. Gingrich, finally, a last question. Based on all those triumphs, you're going to New Hampshire during your break. Are you going to run for president? REP. GINGRICH: I don't think so. I think I'm going to New Hampshire simply to be able to be with Charlie Bass and John Sununu and do some fundraisers, and maybe once again go and see if we can see one or two moose, which we did very successfully in 1995. MR. SNOW: Okay. House Speaker Newt Gingrich, thank you so much for joining us today. END