Under the ________, the federal deficit was to be eliminated by 1991.
A) Gramm-Rudman-Hollings Act
B) McCain-Feingold bill
C) Clinton Deficit Eradication bill
D) Clayton Act

Question

Quizplus · Accepted Answer

The Gramm-Rudman-Hollings Act, enacted in 1985, required Congress to set annual deficit reduction targets, with the goal of achieving a balanced budget in 1991. It established automatic spending cuts, known as “sequestration,” if those targets were not met. However, the law was ultimately ineffective in achieving its goal of deficit reduction.

Under the ________, the Federal Deficit Was to Be Eliminated