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... Continues...