4) I would not argue that Gramm-Rudman-Hollings
(GRH) was particularly successful in that its deficit targets were soon made more lenient and then the process collapsed when it proved impossible to meet the more lenient targets.
This finding implies that the Gramm-Rudman-Hollings
(GRH) Act of 1986 addressed the issue in a timely manner.
If no headway is made on reducing that figure by October, the "sequestration" procedures of the Gramm-Rudman-Hollings
deficit control law will kick in, mandating across-the-board budget cuts.
Consumption taxes received increased congressional and Administration attention in 1989, due largely to concerns over the government's ability to meet future Gramm-Rudman-Hollings
deficit reduction targets.
By conventional wisdom, the federal budget deficit in 1990 will meet the Gramm-Rudman-Hollings
target of $100 billion.
The most significant change at this moment is the proposal to finance the Resolution Trust Company on the budget with a legislative exception from Gramm-Rudman-Hollings
budget-deficit-reduction law requires that budgeters shave at least 40 percent, or $64 billion, in fiscal 1990 from the current level of deficit spending.
3 billion, Both are higher than the targets specified in the Gramm-Rudman-Hollings
Act (formally, the Balanced Budget and Emergency Deficit Control Act of 1985).
The weekly and total benefit amounts for extended benefits will be reduced to reflect any cuts mandated by Gramm-Rudman-Hollings
Clifton contributed the concept of fixed deficit reduction targets to the Gramm-Rudman-Hollings
Senate, in 1980 and 1986, and was best known for the budget-balancing legislative efforts in 1985 known as Gramm-Rudman-Hollings
This would turn a quarter century of bipartisan budget legislation on its head; starting with the 1985 Gramm-Rudman-Hollings
law, all federal laws of the last 26 years that have set budget targets enforced by across-the-board cuts have exempted the core assistance programs for the poor from those cuts while including Medicare among programs subject to the cuts.