Government Spending in Washington, D.C.

ons, and was
             finally abandoned in 1990 (Weinberger 33).
             o after a pain-staking trial for GOP Republicans to create, promote, and
             pass their budget, as promised on campaign trail 94, Clinton rejected the
             very bill he demanded. This essentially brought the federal budget back to
             square one. Clinton thought such a demand on Republicans to produce a
             budget would produce inner-party quarrels and cause the GOP to implode.
             Instead, they produced a fiscal budget that passed both houses of
             Congress, only to be stalemated by a stubborn Democratic President
             Clinton. Meanwhile, Clinton bounced back with a CBO scored plan with
             lighter, less risky cuts to politically sensitive areas like entitlements. Clinton's
             plan also saved dollars for education and did not include a tax increase, but
             most cuts would not take effect until he is out of office, in the year 2001.
             Although Clinton is sometimes criticized for producing a stalemate in budget
             talks, the White House points out that the debt has gone down since Clinton
             took office, with unemployment also falling. Republicans are quick to state
             that Clinton originally increased taxes in 1993 and cut defense programs,
             but his overall plan was for an increasing budget without deficit reduction.
             Startling Facts about the budget:
             As of 1996, the national debt was at an all time high of $5 trillion dollars,
             with interest running at a whopping $250 billion per year (Rau M-1). This
             equals out to an individual responsibility of more than $50...

More Essays:

APA     MLA     Chicago
Government Spending in Washington, D.C.. (2000, January 01). In MegaEssays.com. Retrieved 18:02, September 10, 2026, from https://www.megaessays.com/viewpaper/57133.html