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As a condition for increasing the federal debt ceiling, Congress and President Obama agreed on the mechanics of the BCA, which resurrected the Gramm-Rudman-Hollings concepts of spending caps and automatic cuts.
Similarly, the Pay-as-You-Go rules put in place by Gramm-Rudman-Hollings were meant to control new mandatory spending while leaving untouched what was already on the books.
In 1985, a debt limit debate led to the Gramm-Rudman-Hollings law of 1985, which set deficit targets and enforced them with sequesters.
715 (1983); the triggering of a sequester by the Comptroller General under the Gramm-Rudman-Hollings Act was invalidated by Bowsher v.
More recently, in response to Gramm-Rudman-Hollings and other budget agreements aimed at balancing the budget and restraining spending, politicians created"rosy scenarios" and endless scorekeeping and accounting tricks, which White and Wildavsky label "fakery" (1989).
Rules like those contained in the 1985 Gramm-Rudman-Hollings (GRH) bill or the Balanced Budget Amendment (BBA) have figured prominently in fiscal policy debates for many years now.
The balanced budget agreement created caps for this funding, setting levels that spending could not exceed without triggering the Gramm-Rudman-Hollings sequestration.
The Gramm-Rudman-Hollings Act is signed into law to control the U.
The latter problem afflicted the Gramm-Rudman-Hollings Act and was responsible for its demise.
Deficit Politics and Constitutional Government: The Impact of Gramm-Rudman-Hollings.
It was Republicans, in the wake of the Gramm-Rudman-Hollings budget legislation, who voted to override the ruling of the chair and establish the precedent that the conference can do anything it wants.
Conservatives point to the failure of the Gramm-Rudman-Hollings bill to ratchet down budget deficits as proof that the Congressional inertia which perpetuates deficit spending only can be broken by a constitutional amendment.