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The 7 Year Plan

How money is used, raised, and wasted in Washington

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

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The 7 Year Plan. (1969, December 31). In DirectEssays.com. Retrieved 13:17, July 25, 2014, from http://www.directessays.com/viewpaper/58853.html