President of the U.S., 1993-2001; Former Democratic Governor (AR)
Investment capital over nonproductive corporate debt
[One of the principles of the New Democrat philosophy is that] waste is going to be punished. It appears to me that we are spending billions of dollars of investment capital increasing the debt of (corporations) without increasing their productivity.
More debt should mean increased productivity, growth, and profitability. More debt means too often, less employment, less investment for research and development, and forced restructuring to service nonproductive debt.
Source: My Life, by Bill Clinton, p.327
Jun 21, 2004
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