Government Spending
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 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 ta
3 billion hike in corporate and wealthy-income taxes, and also in $2. According to the Concord Coalition, real wages peaked in 1973 and have gone down ever since. Medicaid, another volatile program, would be cut $182 billion under the GOP proposal. At current rates, our government is about to reach its breaking point. United States Treasury Department studies say the bottom 1/5 income families would have net tax increase of an average $12 to $26 under the GOP plan. "The President is sitting on his hands while the federal debt keeps going up and up and up into the stratosphere," said Congressman Jesse Helms, Rep -North Carolina. Also, by terminating unnecessary farm programs, and cutting others by $12. Sweden's plan was three times as intense as Congress' current plan, while cutting spending in half the time. This essentially brought the federal budget back to square one. Some might argue that a person might blow all of their income before the entitlement reductions come into place. The GOP plan:By fulfilling campaign promises made by freshman Republican Congressmen to cut government spending, the GOP managed to pass a $1.
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Acceptance Essays
