LITTLE ROCK, Ark. — President-elect Bill Clinton took time Monday to offer his personal diagnosis of the financial problems facing California, and provided a prescription--economic growth.
His comments came near the end of a daylong session that meandered through much of the nation's troubled economic terrain, including slow productivity gains, weak job creation, stagnant wages and other long-term problems.
Then a telephone caller from Lynwood told Clinton that the state had cut her welfare payments "quite drastically," making it harder for her to get by as a student. "What hope, if any, can you give to people like me?" asked the accounting major.
Clinton's response was not designed for immediate gratification. "The hard truth is that California doesn't have the money to pay for the levels of benefits that it formerly did or, unfortunately, to pay for the access to higher education," he said, noting California's high unemployment and huge welfare rolls.