Bill, Hillary, & Chelsea Clinton Foundation

Bill, Hillary, & Chelsea Clinton Foundation

Thursday, June 30, 2011

Bill Clinton Says U.S. Lacks Planning Needed for Global Success

Clinton said the nation needs to find a better mix for the proportion of the U.S. gross domestic product that is represented by federal spending and taxes.

“We can’t afford to spend 25 percent of GDP on government expenditures,” he said. “I don’t think we can afford to tax at only 15 percent of GDP, either, which is about where we are.”

He called for a 10-year plan that would allow Americans to have a better sense of “what we think would be a competitive level of revenues and a competitive level of expenditures.”

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