July 10, 1998


Our strong economy is the product of the hard work, creativity, and the innovative spirit of the American people. It is also the fruit of the comprehensive economic strategy we put in place in 1993 -- an economic strategy for the Information Age.

-- President Bill Clinton

Today, the Department of Labor released figures showing the Producer Price Index (PPI) for finished goods fell 0.1 percent in June. In addition, excluding increases in prescription drugs and tobacco, the PPI indicates stable prices for domestically produced commodities. Today's report is more evidence that as the economy remains strong, inflation remains low and stable.

The Strongest Economy In A Generation. Today's numbers are more evidence that President Clinton's three-part economic strategy -- cutting the deficit, investing in our people, and opening new markets to American goods and services -- is working for America's families. Since 1993 it has helped bring about:

The Balanced Budget: Building On Success. The President's agenda builds on this record. His plan calls for projected budget surpluses to be reserved pending Social Security reform, but provides targeted tax relief for child care, education, and the environment -- all fully paid for. These targeted tax relief efforts would:

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