President-elect Bill Clinton's televised seminar in Little Rock was positive for the economy. It made reduction of the federal budget deficit possibility.

The possibility is a faint one, to be sure, but it is nevertheless real for the first time in more than a decade, and that is heartening news. No one knows how much debt is too much debt, but many Americans apparently think we're getting close. A poll by The Wall Street Journal and NBC News revealed 41% of them think reducing the federal debt is the most important aspect of Clinton's economic program, and Clinton himself appears to agree.

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