1985 Gramm-Rudman-Hollings Act

GPTKB entity

Statements (58)
Predicate Object
gptkbp:instance_of gptkb:United_States_federal_law
gptkbp:bfsLayer 5
gptkbp:bfsParent gptkb:1990_Budget_Enforcement_Act
gptkbp:addressed national debt
gptkbp:amended_by gptkb:1990_Budget_Enforcement_Act
gptkb:Gramm-Rudman-Hollings_Balanced_Budget_Act_of_1987
subsequent budget acts
gptkbp:applies_to gptkb:government_agency
gptkbp:associated_with 1980s economic policies
gptkbp:criteria budgetary compliance
gptkbp:effective_date October 27, 1985
gptkbp:enacted_by gptkb:legislation
gptkbp:established sequestration process
gptkbp:goal achieve a balanced budget by 1991
gptkbp:historical_debate gptkb:legislation
government accountability
fiscal responsibility
https://www.w3.org/2000/01/rdf-schema#label 1985 Gramm-Rudman-Hollings Act
gptkbp:impact federal spending caps
gptkbp:includes discretionary spending limits
gptkbp:influenced subsequent budget legislation
gptkbp:influenced_by gptkb:Reaganomics
government spending
economic conditions of the 1980s
gptkbp:inspired future budget control acts
gptkbp:introduced gptkb:Phil_Gramm
gptkbp:is_aimed_at deficit reduction
automatic spending cuts
gptkbp:is_analyzed_in economists
gptkbp:is_challenged_by budgetary advocates
gptkbp:is_criticized_for lack of enforcement mechanisms
political disagreements
impact on social programs
complexity of budget rules
gptkbp:is_discussed_in political forums
gptkbp:is_evaluated_by gptkb:Congressional_Budget_Office
gptkbp:is_implemented_in gptkb:Office_of_Management_and_Budget
gptkbp:is_opposed_by progressive groups
liberal lawmakers
gptkbp:is_part_of Reagan administration policies
fiscal policy reforms.
gptkbp:is_supported_by fiscal conservatives
business groups
fiscal hawks
gptkbp:led_to increased scrutiny of federal spending
gptkbp:part_of deficit reduction efforts
gptkbp:purpose reduce the federal budget deficit
gptkbp:related_to fiscal policy
gptkbp:release_date deficit reduction
gptkbp:repealed_by gptkb:Budget_Enforcement_Act_of_1990
gptkbp:requires congressional action on deficits
gptkbp:resulted_in budgetary constraints
gptkbp:revenue gptkb:financial_services_company
gptkbp:set_in deficit targets
gptkbp:signed_by gptkb:Sir_Ronald_Reagan
gptkb:President_Ronald_Reagan
gptkbp:sponsor Hollings
Rudman