Budget Cut Proposals

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2015-08-31
Authors
Meyers, William
Smith, Darnell
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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The U.S. House and Senate have now made specific proposals for budget cuts that are designed to eliminate the federal budget deficit by the year 2002. These proposals still have to go th rough the process of floor debate, passage by each body, conference between the two bodies, passage of the conference report, and approval or veto by President Clinton. A Presidential veto would imply further voting and perhaps further changes to these proposals in the Congress. Although there are numerous opportunities for these figures to change, the initial figures give a strong indication of where things are going.

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