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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......

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Approximate Word Count: 2795
Approximate Pages: 12 (250 words per double-spaced page)

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