Skip to comments.Congressional act that limited spending
Posted on 10/09/2013 7:25:39 PM PDT by killermosquito
A bill calle dthe Gramham Rudman Bill or somthing like that used to prevent over spending. Why isn't that ever talked about anymore?
aha... GrammRudmanHollings Balanced Budget Act
Why isn’t this still in effect?
Because our leadership, such as it is, is completely unbalanced.
Gramm-Rudman-Hollings Act officially the Balanced Budget and Emergency Deficit Control Act of 1985, U.S. budget deficit reduction measure. The law provided for automatic spending cuts to take effect if the president and Congress failed to reach established targets; the U.S. comptroller general was given the right to order spending cuts. Because the automatic cuts were declared unconstitutional, a revised version of the act was passed in 1987; it failed to result in reduced deficits. A 1990 revision of the act changed its focus from deficit reduction to spending control.
For chuckles: Gramm-Rudmana Bad Idea Whose Time Has Come Again
If they got rid of baseline budgeting it would go a long way towards getting spending under control. No more automatic increases. If congress wants more money for something they have to get off their butts and pass legislation for it. Continuing resolutions would only fund at the previous years level.
Gramm-Rudman was signed into law by President Reagan. What happened? Those people retired. We got an insane Congress and President in 2006-2008.
does anyone remember the paper work reduction act?
” - - - The Gramm-Rudman-Hollings Balanced Budget and Emergency Deficit Control Act of 1985 (99th Congress, S.1702, Pub.L. 99177, title II, December 12, 1985, 99 Stat. 1038, 2 U.S.C. § 900) and Balanced Budget and Emergency Deficit Control Reaffirmation Act of 1987 (Pub.L. 100119, title I, Sept. 29, 1987, 101 Stat. 754, 2 U.S.C. § 900) (both often known as Gramm-Rudman) were, according to U.S. Senator Phil Gramm of Texas, “the first binding constraint imposed on federal spending, and its spending caps have become part of every subsequent U.S. budget. Together with a rapidly growing economy it produced the first balanced federal budget in a quarter of a century.” After passage of this bill, the smallest unified budget deficit of the Reagan era was -$155.178 billion in fiscal year 1988.
Senators Ernest Hollings (D-South Carolina), Warren Rudman (R-New Hampshire) and Phil Gramm (R-Texas) were the chief sponsors. - - - “
GHWB called it “ - - - taking a meat cleaver to the Federal Budget!”
Various politicians amended it so badly that Rudman asked that his name be removed from it.
SCOTUS bowed to Socialist spendaholics, and declared it “un-Constitutional,” thus opening the floodgates of permanent insolvency that cripples us today - - - .
Right! No more automatic increases.
The best way to decrease Federal spending is to REDUCE the National Debt Limit each CALENDAR year.
Politicians can ignore, extend, or otherwise spindle THEIR Fiscal Year, but the Calendar is immutable at exactly 365.25 days per year.
To begin, we need to demand that Boehner set a PERMANENT National Debt Limit of, say 17.83 Trillion Dollars.
If WE do not demand that a PERMANENT Cap be placed on our National Debt as part of the negotiation on the ABOLISHMENT of Obamacare, then it NEVER would occur to our Esteemed Congressional RINOs !