Budget Essay Research Paper THE BUDGETTo pass

Budget Essay, Research Paper

THE BUDGET

To go through a budget trade takes a batch of clip and work. There are many factors involved in this long procedure. The President foremost has to suggest a program to equilibrate the budget. He has to look at the Federal shortage and talk with Congress. Congress so will negociate or compromise a program of their ain with the President.

In early March, President Bill Clinton began to set together a program to equilibrate the budget. He so gave Congress the program to look over. At this clip, Congress criticized the program, stating it would be the state a bigger Federal shortage. Over the past three months, Congressional Leaderships and the Clinton Administration have been making a batch of compromising and negociating over a program to equilibrate the federal budget by the twelvemonth 2002. Since the Federal shortage International Relations and Security Network & # 8217 ; t that big, it is assisting them to come up with a trade a batch easier and quicker.

Although the fact that there is a low Federal shortage, they are still run intoing some major complications in O.K.ing a program or even coming up with a program that can be agreed on. In order to equilibrate the budget by 2002, the authorities would hold to cut disbursement on things that truly couldn & # 8217 ; t afford it. The schools of the state need mending. By cutting on the disbursement of schools, deteriorating schools would non have the proper support to do the schools safe and healthful. Another point that disbursement would be cut from is Medicare, Medicaid, and societal security. This would chiefly impact the aged and the hapless. By cutting disbursement on these points, the aged and the hapless would non have that much medical coverage, which is critical to them. Another factor which isn & # 8217 ; t being really helpful in the budget trade

is revenue enhancement cuts. Democrats and Republicans can non hold on where to cut revenue enhancements from.

Democratic Congressional Leaders feel that President Clinton is holding & # 8220 ; secret & # 8221 ; meetings with Republican Congressional Leaderships on the budget program. They feel that the President isn & # 8217 ; t stating them everything and that these meetings are being held & # 8220 ; behind their dorsums & # 8221 ; . Some even say that President Clinton is moving more like a republican than a Democrat. Some grounds of this is that the President is suggesting revenue enhancement cuts for concerns, or the wealthy. They say that & # 8220 ; ordinary and low income people are enduring the most. They besides said that Clinton is hotfooting into a trade and that he would likely non acquire a bulk of House Democratic ballots.

In my sentiment, I think Clinton is making a moderate occupation at seeking to equilibrate the budget, it is neither a good or a bad occupation. Bing that there is a strong economic system and a reasonably low Federal shortage, the program is a small spot easier to come up with. Both Democrats and Republicans agree. However, he should cover with the Democrats a little more. President Clinton is covering to much with Congressional Republicans. This is the cause for some tenseness with the Democrats and who could fault them. Clinton is coming up with trades that would profit Republicans and the wealthy instead than the democrats and the moderate to low income people. I besides feel that taking away passing for schools to equilibrate the budget is non a god move. That money had a intent and that intent was really necessary.

In decision, I realized that equilibrating the budget is a really difficult and long procedure. I give President Clinton a batch of recognition for this really difficult occupation. His efforts are echt and he is seeking to the best for our state.