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

that President Clinton does have somewhat of an overwhelming power in

tax methods, and depend less on Washington. Attendees of a conference

on budget cutting in Jackson Hole, Wyoming suggested we deliver a budget

1870, it was running a trade surplus, and by 1900 we had a

eliminated gimmicks. Countries like Sweden and Canada have successfully

struck down immediately for not cutting taxes enough and neglecting to

Some common words found in the essay are:
Social Security, Congress Hosansky, Rau M-1, Defending Deficits, Treasury Department, White House, Federal Government, Concord Coalition, Congress Clinton, Budget Clinton's, gop plan, rau m-1, government spending, discretionary spending, social security, concord coalition, gop budget, balance budget, henderson 60, clinton's plan, retirement 65 70, 1/5 income families, clinton sometimes criticized,
Approximate Word count = 7660
Approximate Pages = 31 (250 words per page double spaced)