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Gramm-Rudman balanced budget law and its US impact
The article profiles Phil Gramm as a brash Texan senator who pushed a bill forcing a balanced budget, triggering fierce partisan debate. It explains automatic spending cuts if Congress cannot trim waste, with half from the military and half from domestic programs, and contrasts US deficits with Canada’s. It notes Gramm’s media savvy and controversial stance.
MENTIONED IN THIS ARTICLE
Phil Gramm
U.S. Supreme Court
New York Stock Exchange
Gramm
Washington
Senate
Gramm- Rudman
U.S
Gramm-Rudman
Congress
Canada
Ottawa