Which of the following is not an explanation of why the Gramm-Rudman-Hollings Act proved inadequate in reducing the deficit?
A) The Supreme Court declared the automatic mechanism for budget cuts unconstitutional.
B) Congress wasn't willing to cut spending enough.
C) Congress controls only the cyclical portion of government spending.
D) Congress wasn't willing to increase taxes enough.
Correct Answer:
Verified
Q90: Debt service
A)Refers to the annual interest payments
Q91: The burden of the debt is passed
Q92: Foreign households and institutions hold approximately _
Q93: Deficit financing tends to change the mix
Q94: Which of the following statements about the
Q96: The "real burden" of the debt is
Q97: If deficit spending does not contribute to
Q98: If debt-financed less productive government spending crowds
Q99: Which of the following required all new
Q100: The Gramm-Rudman-Hollings Act of 1985 created a
A)Deficit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents