Budget Surplus essays

Budget Surplus essays How to Use the Budget Surplus to Stop the Recession In the last decade the United States Government has been fortunate to have numerous years of budget surplus. The surplus has been an issue with the recent Presidential election. The left over billion or trillion dollars is of great interest to the country. Since the early nineties, the countrys welfare has soared and gained extreme financial security. Until this year, a recession was not even considered. Now the government is faced with many suggestions on how to pull the country back on track. The Republicans and Democrats are split on the subject. President Bush wanted to give the money back to the working citizens with tax refunds and lowering taxes. Vice President Gore thought it best to use the money on reducing the national debt, social security, and Medicare. Other suggestions were made such as using the surplus on education, hospitalization, and infrastructure. The best choice would be to follow President Bushs approach and give the working citizens tax refunds, and concentrate on education. The other choices seem to risky and susceptible to government corruption. During President Clintons office there were many unanswered questions about where the surplus was being put to use. In Clintons early years in charge Congress went along with the President and spent $21 billion of an estimated $71 billion budget surplus on such questionable emergencies as agricultural price supports. There were other misuses of the surplus as well. Forbes also said 60% of the money spent in the Superfund program to clean up toxic-waste sites goes to lawyers. Bushs proposed plan sounds like the most effective. He wants to have then refunds and concentrate on improving education. The money that will be refunded will most likely be spent, and trigger a boost in the economy. The consumers will give the producers some confidence to start investing agai...