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When did congress pass automatic increases in baseline spending?
Wiki User
∙ 11y ago
after nixon suppended the gold standard in 1971.
Wiki User
∙ 11y ago
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Which act created a pay-as-you-go system that requires Congress to raise enough revenue to cover increases in direct spending?
The 1990 Budget Enforcement Act was created to require congress to raise enough revenue to cover increases in direct spending. This act created two budget control processes which included the pay as you go system and caps on spending.
What is mandatory spending?
refers to spending set by annual appropriation levels made by decision of Congress.
Who controlled the spending of taxes of America?
The President and Congress
Who controlled the spending and taxes of America?
The President and Congress
What happens to taxes when the government increases spending?
they go up
As disposable income increases what happens to consumption spending?
Consumption also increases as disposable income increases.
How can Obama fix the American Debt?
The president does not directly control the finances of the country, but he can send his recommendations to Congress and lobby Congress to act on his proposals. He can veto legislation that expands the debt and work with Congressional leaders to control the deficit. He can accept the responsibility for the taxes increases and spending cuts that are necessary .
Who has the most control over the US defense spending?
Congress
What is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
Is the approval of government spending?
The approval of government spending comes from Congress. It is referred to as the budget resolution or the deficit resolution.
What is uncontrollable spending?
Spending that congress and the president have no power to change directly. Examples: Social Security, Medicare, etc.
Congress has the power to authorize spending called?
can Congress spend money or does the President? ^whoever made that answer is an idiot
