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 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 take action (Cloud 3709). These accusations of failure to.
follow through come with historical proof that Congress and Clinton.
have failed to compromise and resolve the issue. After all, current.
budget plans are dependent on somewhat unrealistic predictions of.
avoiding such catastrophes as recession, national disasters, etc., and.
include minor loopholes. History has shown that every budget agreement.
that has failed was too lax. One might remember the.
Gramm-Rudman-Hollings bill that attempted to balance the budget, but.
left too many exemptions, and was finally abandoned in 1990.
So after a pain-staking trial for GOP Republicans to create,.
promote, and pass their budget, as promised on campaign trail 94,.