The Budget Control Act of 2011 did which of the following:
A) Provided for a balanced federal budget by fiscal 2013.
B) Established a PAYGO system for all federal tax and expenditure proposals.
C) Increased the federal debt ceiling.
D) Required that federal entitlement programs be reduced by 5 percent for the next three years.

Question

Quizplus · Accepted Answer

The primary purpose of the Budget Control Act of 2011 was to increase the debt ceiling to prevent the United States from defaulting on its debt. In addition to raising the debt limit, the act also put in place automatic spending cuts (sequestration) to reduce the deficit, and it created a congressional Joint Select Committee on Deficit Reduction (also known as the "supercommittee") to propose further deficit reduction with a deadline for legislation to be enacted. The act did not provide for a balanced budget by a specific fiscal year, establish a PAYGO system for all federal tax and expenditure proposals, or require a 5 percent reduction in federal entitlement programs over the next three years.

The Budget Control Act of 2011 Did Which of the Following