In 1992 the U.S. Congress passed a balanced budget amendment in order to move the United States government closer to equality of revenues and expenditures.

Name: In 1992 the U.S. Congress passed a balanced budget amendment in order to move the United States government closer to equality of revenues and expenditures.
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The U.S. Congress did not pass a balanced budget amendment in 1992. Although there have been proposals for such an amendment, none have been successfully ratified.