The year is 1791 and the new United States of America is five years old and President George Washington and Alexander Hamilton have just created the first national bank to house central funds . This gave the country a reliable place to manage the revenue of the country as a whole. Now that the country has a bank to deposit the money in, they must decide how to divide and distribute the money. The current conception of an effective budget did not manifest itself until numerous catastrophes which included the banking wars in 1833 by Andrew Jackson and also the Congressional Budget and Sequestment Control Act of 1974 dealing with Richard Nixon. The nation's lawmakers were now ready to act and created standing committees within congress that would aid in demonstration and budget protection. Now that the nation's finances are under control, lawmakers have been tasked with a tougher task: How much money goes where? The modern application of this conflict is abundant in health care legislation. This issue has emerged from multiple bills and laws calling for a universal system in which the United States will use a system replicating the Canadian one. The national budget is 3.9 trillion which includes mandatory spending, interest on the federal debt and discretionary spending. expense sections. Mandatory spending sections are bills issued without the approval of the president, congress, or the courts and are mandatory. The interest on federal debt is what it says; these are the interest payments on the national debt. Discretionary spending is the section everyone hears about and includes defense, education and healthcare budgets. "Three health insurance... middle of paper... and watch people pay, suffer, and then receive subpar health care. Works cited "Canadian health spending hit record highs in 2013-2014." News on health finance. Ed. Riccardo Pizzi. News on health finance., 3 April 2013. Web. 20 May 2014. Cohn, Emily. "Obamacare could cause longer waiting times in the emergency room, doctors say." Post. TheHuffingtonPost.com, January 16, 2014. Web. May 22, 2014. O'neill, Lucas. With an assist from Parker, 'Benji' debuts. ESPN Internet Ventures, April 25, 2012. Web .Smith, Lisa. “Center on Budget and Policy Priorities.” Policy Basics: Where Do Our Federal Tax Dollars Go? —. Center on Budget and Policy Priorities, March 31, 2014. Web. 20 May 2014.Varney, Sarah. "KHN: Kaiser Health News." Emergency rooms are on the front lines of enrolling new Obamacare customers. Kaiser Health Care, Jan. 14, 2014. Web. May 22 2014.