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
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.
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
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.
When deciding on what I thought was important to protect in the budget,
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
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
struggle? I don’t think so, so I agree with the Budget Resolution Conference
Agreement (BRCA), and I vote to cut 12.4.
interest so why keep funding it. Another 11.2 by the wayside.
same research. By Eliminating the DOE as a go-between, money and time saved. The
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
does.. The BRCA cuts 4.1.
Commerce and Housing Credit, another huge buearucracy, has to go. By
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 other Transport
Subsidies I save another 6.2.
Community and Regional Development are an issue I have never really
given much consideration to, but with the spending I did earlier, I need to make
cuts. The BRCA cuts the most. I propose to follow their legislation cutting 21.5.
rhetoric then, and although I need to make cuts, I stand by his proposal of 45.3.
even though it is only half of what the BRCA proposes to do this is a very
sensitive area of policy, and cutting to much could mean reelection.
because it reforms Comprehensive Medicare, just not as much as the President’s
Proposal. The CBO Illustrative Comprehensive Options were a brief and passing
thought, but overall I believe they hurt Medicare more than either of the other
two proposals. Saving equates to 182.6.
Social Security is a sore topic for many individuals. I would propose
cutting Social Security completely, but that wasn’t an option. Why should I pay
I suggest first skipping one COLA for One Year, a saving’s of 57.9. By Reducing
Something I failed to realize earlier, Veterans Benefits and Services.
This is something I might one day need based on my career aspirations. I chose
to go with the BRCA because it increases the Presidents budget in categories
such as medical care and medical research. Total saving amounts to 9.4 billion.
With the Federal Compensation and General Government portion of the
budget, I thought it to be a bad idea in cutting pay to government employees. If
I were a Member of Congress, I could consider myself blacklisted. Also I one day
Middle or High Income Retirees, saving 11 billion. I also would raise Employee
Contributions. By doing so, it only benefits these same employees in the future
when they retire, and it also allows me to trim an additional 12.4 off of the
As for means testing, I chose to reduce this area by opting for
Reduction of Benefits to Middle and High Income Families. Families with an
annual income of $40,000 really don’t need help. I chose to not cut anything
else, but I was able to do 303.3 in damage to the deficit.
Going into Revenues, I have saved 793.9 billion, but still the budget
remains unbalanced. Here, I decided to tax imported oil, saving 62.5. Next,
taxing Toxic Water Pollutants as well as levying an Excise Tax on Air Pollutants
netted 22.3. As for a running total, 1048.7 billion remains unspent.
Unfortunately there happens to be some programs that need money. First,
I chose to spend 117 billion on giving tax credits for Families/Children, opting
for the President’s budget. I voted to repeal the 4.3 cent motor fuels tax,
spending 2.9. Finally, I spent 15.6 to Provide Tax Incentives for Long – Term
Care Insurance. All this spending on revenues cost me 187.2 billion. My rational
behind my spending, is once again in my own self interest, for if I was a Member
of Congress, with all the cuts I have made, I have to give back a little.
Will the budget balance? Before the exercise began there was an 809
billion deficit. I spent 209.3 billion, on a total of 6 different programs. I
cut 1048.7 billion from 18 different recipients of federal dollars. This amounts
838.7(all amounts in billions). Interest savings amounted to 83.87. Total
deficit reduction, 992.57. Add in the baseline budget deficit of 809 billion
from the previous year. 113.57 remains. Policy changes totaled at 718.7.
Spending changes as a percentage ended up 85.7%. Finally revenue changes
finished at 14.31%.
Is it feasible to balance the Federal Budget? It is if it is a game or
assignment. Dealing with issues that effect individuals from all walks of life
is almost impossible. I cut all but a few categories under International &
one program not only effects those involved, but inadvertently effects’ others.
An example would be cutting welfare benefits. With no money, no job, and no
makes in preparing a budget have to be overwhelming. In Congress, individual
decisions are more anonymous. The records are accessible, but who really
remembers how an individual Member of Congress voted. How many taxpayers know
what a baseline is. The President and Congress each uses their own baseline, it
helps them justify spending or cuts. Until the President and Congress can agree
to bal ance the budget, cut waste, and quit talking about it, there will be a
Exercise In Hard Choices. Committee for a Responsible Federal Budget. July 1996.