BUDGET SPENDING

Budget Spending This country has been dealing with a budget deficit for many years now. 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 2001. 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 …

…spend an overall per capita amount of 11 times as much on elderly than that spent on children altogether. The youth are the future of America, and we should protect them too. Currently, poverty in US is 3 times as likely to affect the very young than the very old. By balancing the budget, "interest rates come down, the economy picks up - we will rebound," says Representative James Greenwood, and everyone should be happy with that.