This is the first 1,000 characters of 3029 words (12.12 pages) in the essay titled Government Spending
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 show...
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