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How Money Is Used, Raised, And Wasted In Washington

This is the first 1,000 characters of 2611 words (10.44 pages) in the essay titled How Money Is Used, Raised, And Wasted In Washington

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 ...

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