From: bruces@well.sf.ca.us (Bruce Sterling)
Subject: Clinton campaign statement
Originator: riddle@aahsa.tic.com
X-Submissions: eff-austin@tic.com
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Submitted-By: bruces@well.sf.ca.us (Bruce Sterling)
Date: Wed, 26 Aug 1992 13:35:29 GMT

STATEMENT OF BILL CLINTON FOR THE INSTITUTE OF ELECTRICAL 
AND ELECTRONIC ENGINEERS (IEEE)
Bill Clinton for President Committee * 1317 F Street, NW, Suite 902 * 
Washington DC 20004  Telephone 202-393-3323  FAX 202-393-3329
 
	"We face a fundamental economic challenge today:  to create a 
high-wage, high-growth national economy that will carry America into 
the 21st century.  We need a long-term national strategy to meet this 
challenge and win.
 
	"Our productivity and income have been growing so slowly 
because we've stopped investing in the economic infrastructure that 
binds our markets and businesses together, in the education and 
training necessary to give our workers world-class skills, and in the 
research and development that can restore America to the cutting 
edge of the world economy.  As a nation, we're spending more on the 
present and the past and building less for the future.  We need a 
President who will turn the country around and refocus on the long 
view.  As President, I will divide the budget into three parts, creating 
a separate 'future budget' for the federal government to make 
investments that will enrich our country over the long term.  Today 
the federal government spends only 9 per cent of the budget on 
investments for the future; a Clinton Administration will double that.  
We will pay for it by diverting resources no longer needed for 
defense, but we will ensure that every dollar we take out of military 
R&D goes into R&D for civilian technologies until civilian R&D can 
match and eventually surpass our Cold War military R&D commitment.
 
	"As President, I will create an investment tax credit and a new 
enterprise tax cut that rewards those who invest in new businesses 
that create new jobs.  I will also make the research and development 
tax credit permanent.
	
	"My administration will create a civilian research and 
development agency to support research in the technologies that 
scientists have already identified as the basis for launching new 
growth industries and revitalizing traditional ones over the next two 
decades.   This civilian DARPA will coordinate R&D to help companies 
develop innovative technologies and bring new products to market.  
And without inhibiting the competition that drives innovation, we will 
encourage and promote collaborative efforts among firms and with 
research institutes for commercial development just as we have done 
with defense technologies for 40 years.
 
	"A Clinton Administration will create a high-speed rail network 
between out nation's major cities.  And in the new economy, 
infrastructure means information as well as transportation.  More than 
half the U.S. workforce is employed in information-intensive 
industries,  yet we have no national strategy to create a national 
information network.  Just as the interstate highway system in the 
1950s spurred two decades of economic growth, we need a door-to-
door fiber optics system by the year 2015; a link to every home, lab, 
classroom and business in America.
 
	"For small defense manufacturers hit by cuts in defense 
spending, the Small Business Administration will provide small 
conversion loans to help finance their transition, and launch a 
Technology Assistance Service -- modelled on the Agricultural 
Extension Service -- to provide easy access to the technical expertise it 
takes to convert to commercial production.
 
	"To enjoy the full benefit of these investments, we must do 
everything possible to open up markets now closed to American 
products.  My administration will provide the leadership for Japan and 
the European countries to join us in coordinating our macroeconomic 
policies and in reaching multilateral trade negotiations.  But we will 
also provide the muscle to open up Japan's markets to competitive U.S.  
products using a stronger and more carefully targeted "Super 301" 
approach.  We favor a free and open trading system, but if our 
competitors won't play by those rules, we will play by theirs.
 
	"All the investments in the world won't mean much if our 
workers don't have the education or the skills to take advantage of the 
opportunities they create.  My administration will fully fund Head 
Start, increase funding for Chapter 1, and provide seed money for 
innovative education projects.  However, we will also raise standards 
by establishing a national testing system in elementary and secondary 
schools and instituting report cards for ever state, school district, and 
school in the nation, to measure their progress.  We will also create a 
nationwide apprenticeship program for those young people who choose 
not to go to college, and a national trust fund for college loans for 
those who do.  These loans will be repaid either as a small percentage 
of income over time or with a couple of years of national service.
 
	"With the strategy I have outlined, we can restore the American 
Dream by enabling every citizen and every business to become more 
productive, and in so doing, restore our nation to the front lines of 

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