Solved

The Budget Enforcement Act Was an Example of a Debt

Question 141

True/False

The Budget Enforcement Act was an example of a debt ceiling.
The Budget Enforcement Act (BEA)of 1990 laid out a plan for Congress to close the structural deficit by limiting discretionary spending or raising taxes.The BEA set separate limits on defense spending,discretionary domestic spending,and international spending.It also required that any new spending initiative be offset with increased taxes or cutbacks in other programs-a process called "pay as you go" or simply "paygo."

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents