Posts Tagged ‘Gramm-Rudman-Hollings Act’

  • the Congress...16856_3.16_000012166514XSmall

    The Federal Budget: Sequester Déjà Vu

    Mar 1, 13 • 282 Views • Behavioral Economics, Economic Debates, Economic Growth, Economic History, Financial Markets, Macroeconomic Measurement, Thinking Economically, UncategorizedNo Comments

    Today’s sequester is not the first. Just like now, in 1985, cutting the deficit was popular…in theory. The question, though, was how to get legislators to do it. The answer was Gramm-Rudman (aka the Gramm-Rudman-Hollings Act or the Balanced Budget

  • Deficit D

    Feb 20, 10 • 140 Views • Thinking EconomicallyNo Comments

    2010Facing a $1.6 trillion deficit, President Obama creates the National Commission on Fiscal Responsibility and Reform. 1993:Facing a $260 billion deficit, President Clinton appoints a Bipartisan Commission on Entitlement and Tax Reform.The