The Gramm-Rudman-Hollings Acts of 1985

a. led to the largest budget deficits in the history of the United States
b. structured a one-quarter reduction in real discretionary spending over the period 1993–1998
c. required Congress to implement a pay-as-you-go plan
d. required Congress to cut every budgetary item by the same percentage if it could not reduce the deficit to zero through discretionary budget making
e. required Congress to pay for new spending by cutting old spending or raising taxes


D

Economics

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Economics