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
Q74: Internal ownership of the national debt occurs
Q75: Foreign households and institutions hold approximately _
Q76: The cost of servicing the debt may
Q77: A deficit ceiling directly limits
A)The rate at
Q78: Debt service
A)Refers to the annual interest payments
Q80: Selling bonds to finance new government debt
Q81: Debt ceilings are designed to
A)Reduce the deficit.
B)Balance
Q108: The amount of the structural deficit is
Q111: If the federal government balanced its budget,its
Q112: A budget deficit occurs when tax revenues
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