Government Spending & Budget

Government Spending & Budget

As many Federal departments and agencies lurch into an era of

running without funds, the leaders of both parties of Congress are

spending less and less time searching for a compromise to balance the

budget, and more and more time deciding how to use it to their

advantage on the campaign trail. Meanwhile money is easily borrowed to

pay for government overhead. In an attempt to change this, on June 29,

Congress voted in favor of HConRes67 that called for a 7 year plan to

balance the Federal Budget by the year 2002 (Hager 1899). This would

be done by incorporating $894 billion in spending cuts by 2002, with a

projected 7 year tax cut of $245 billion. If this plan were

implemented, in the year 2002, the U.S. Government would have the

first balanced budget since 1969.

There is doubt by citizens that a balanced budget will become

reality. A recent Gallop Poll from January, 1996 showed the budget as

the #1 concern among taxpayers, but 4/5 of those interviewed said they

doubt the GOP will do the job (Holding 14). Meanwhile, an ABC poll

from November reported that over 70% of those polled disapprove of the

current performance by Congress, and most blamed politicians for

failure to take action (Cloud 3709). These accusations of failure to

follow through come with historical proof that Congress and Clinton

have failed to compromise and resolve the issue. After all, current

budget plans are dependent on...

Government Spending & Budget

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