A Balanced Budget Essay Research Paper A

A Balanced Budget. Essay, Research Paper

A Balanced Budget.

This year President Clinton will submit his proposed legislation for the

Federal Budget to Congress. The fact that we have divided government (ex.,

Democratic President, Republican majority in Congress) means the majority of

that legislation won’t make it through the first ten minutes of a Congressional

session. The President in turn will veto legislation presented to him by

Congress. The whole situation is a vicious, never ending circle. Each side is

looking out for their own best interests, and after years, even decades of this

the United States has a huge budget deficit. Is there a solution to all this

madness. Is it feasible to balance the Federal Budget. Every politician on

Capitol Hill claims to have the answer. The Federal Government goes as far to

employ some of the most renowned economist’s in the world to try to solve the

deficit mess, and they still haven’t figured it out.

The budget simulation exercise by The Committee for a Responsible

Federal Budget provided choices Congress has to use as its guide for the

upcoming year. How hard can it be to balance the budget I thought. After doing

the exercised I realized the title of the simulation exercise, “The FY 1997

Budget: An Exercise in Hard Choices,” could not have been more appropriate. It

is possible though to balance the Federal Budget, provided you follow 3 simple

rules. First you must decide what you feel is important, then cut without

consciousness, and if that doesn’t work, alter your baseline.

Important Choices

When deciding on what I thought was important to protect in the budget,

I felt like a politician myself. I protected my own self interests. First up was

Defense. The fact that I am in the Marine Officer Program weighed heavily on my

decision to increase Defense spending by 17.6 billion (all amounts in billions,

unless noted), following the Congressional Budget Resolution. The President’s

plan just didn’t provide enough capital, the Congressional Black

Caucus/Progressive Caucus would basically wipe out my career before it even

starts, and I just can not have that. Next up is Education. Without the direct

student loan program, I would have no way to fund my education other than going

to some bank and going through the demeaning process of begging a loan officer

to lend me money for school. I feel a sense of loyalty to the President on this

issue, because without this program I would still be doing concrete construction

back home in Indiana. As a result, I voted to increase Educational spending

33.4.My other concern or problem area is Administration of Justice. Crime is way

out of control in this country. There has to be an end. I voted to increase

spending 23.6, opting for the President’s budget because it provides enough

capital to temporarily combat the problem. You might be thinking, wow this fool

just increased the deficit by 74.6, but unless are borders are protected, are

children educated, and until we can feel safe in our homes at night, this

country won’t realize it’s potential.

International & Domestic Spending

At this point, the deficit stands at 883.6 (809 billion beginning +

current spending). It is time to cut the waste. First, International Affairs

requires attention. Does the United States really need to fund every country’s

struggle. I don’t think so, so I agree with the Budget Resolution Conference

Agreement (BRCA), and I vote to cut 12.4.

Next on the list, General Science, Space and Technology. I vote to

discontinue the Space Station Program. As the report says, scientists have lost

interest so why keep funding it. Another 11.2 by the wayside.

The Energy issue is a complex one, but nevertheless the DOE has to go.

The DOE is a bureaucracy of waste. The DOE has several institutions doing the

same research. By Eliminating the DOE as a go-between, money and time saved. The

BRCA proposal is more beneficial to my pursuit of a balanced budget, eliminating

4.2.

Natural Resources are a touchy subject, but in order to balance the

budget, everyone has to chip in. By charging the fair market value for natural

resources, 21 billion saved.

Agriculture is essential, but it is not necessary to increase salaries

and expenses of Farm Service Agency employees, which the President’s budget

does.. The BRCA cuts 4.1.

Commerce and Housing Credit, another huge buearucracy, has to go. By

eliminating the Department of Commerce, and by broadening FCC Authority to

Auction Licenses, total saving equals 10.4.

Transportation is another touchy subject, what with all the airline

tragedies and train crashes. This subject is constantly in the news. Terminating

the Federal Transit Administration and leaving the states to be responsible for

funding, 23 billion saved. Also by reducing or eliminating oth

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