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Office of the Press Secretary

For Immediate Release March 7, 1997

Statement by the President

Today, we learned that the economy is continuing to generate good jobs, almost 600,000 jobs in the first two months of this year alone. That's good news for American workers and their families. The American economy has now created nearly 12 million new jobs since I took office. Now, it's time to keep this American job engine on the move by passing a balanced budget plan that invests in education and our future.

Our 1993 economic plan has helped spur this strong job growth, while cutting the deficit by 63 percent, from $290 billion in 1992 to $107 billion in 1996. Now, we must cut the deficit to zero while investing in our people. My budget will do just that. I look forward to working with the Congress to get the job done by passing a balanced budget plan.