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balanced budget

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The Balance Budget and Emergency Deficit Control Act is popularly known as the Gramm-Rudman-Hollings Act after the names of its principal sponsors, and was designed to reduce the federal budget deficit around the 1980s.

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gramm rudman hollings act

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The Gramm-Rudman-Hollings Act was an act to balance the budget of the US federal government. The purpose of the act was to restrict federal spending, and shrink the overall size of the government.

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eat my a$$

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