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Essay Archive - Government Spending & Budget
Government Spending & Budget
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....
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