Talk:Gramm–Rudman–Hollings Balanced Budget Act

message: The article says "Congress enacted a reworked version of the law in 1987. Gramm-Rudman failed, however, to prevent large budget deficits."
Please add more information about this "reworked version," and the reason why it failed to shrink the deficit.  Did Congress simply violate the "reworked version" of the law?  71.219.240.123 (talk) 00:10, 9 May 2010 (UTC)
replies: text: Excellent question.  Sen. Rudman died today, which got me to wondering whatever became of his Balanced Budget Act.  Was the "reworked version" of the law repealed, or have we been in violation of it all these years?  If it had succeeded, we wouldn't be careening toward a Greece-style economic collapse right now. Novel compound (talk) 21:54, 20 November 2012 (UTC)
thread_title: More information needed

message: Re "late 1990's": George H. W. Bush stopped being president in 1993, and George W. Bush was not president until 2001. So how could either President George Bush have been responsible for spending policy in the late 1990s?
: Simple. Read closely:
:: However, those balanced budgets did not actually emerge until the late 1990s after significant income tax rate increases under Presidents George Bush and Bill Clinton.
: Note how it says the late 1990s were after increases under the Presidents, not that that's when the increases were. Make more sense now? -- John Owens 12:15 13 Jun 2003 (UTC)
Thanks. I can now see the original intent. Reworded to:
:However, those balanced budgets did not actually emerge until the late 1990s after the significant income tax rate increases under Presidents George H. W. Bush and Bill Clinton had had time to take effect.
The Anome 12:25 13 Jun 2003 (UTC)
There are now two pages on Gramm-Rudman-Hollings:  This one and Gramm-Rudman-Hollings Deficit Reduction Act.  They should be consolidated under "Balanced Budget and Emergency Deficit Control Act of 1985." Dauster 14:01, 11 November 2005 (UTC)
thread_title: Role of Bush

message: Surely someone somewhere in some free place maintains a complete and redacted copy of the act as amended.  Surely we can provide some sort of pointer to that information.  — Preceding unsigned comment added by 76.126.215.43 (talk) 15:01, 2 August 2011 (UTC)
thread_title:  Text of the act 

message: The long "citation needed" lede quotation '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."' has been present since the original version of this article, sourced to Gramm's 2001 Senate biography/hagiography (not Gramm himself), and it's long out of date, so I've replaced it with a better sourced and less sweeping statement. 209.6.114.98 (talk) 15:01, 21 March 2015 (UTC)
thread_title:  Lede quotation 

message: A Presidential Order like the one mentioned happening in 2017 apparently happens every year (I found an Obama one from the previous year that has the same text) and just instructs OMB to follow the procedures in 2 USC 901a.  I don't think they're remarkable, so I removed the section noting the 2017 one. -- Beland (talk) 04:53, 25 December 2017 (UTC)
thread_title:  Presidential orders 

message: Inaccurate. The summary info says the bill was introduced in the House by Gramm, Rudman, and Hollings. Gramm was a Senator in 1985, and the other two never served in the House. According to Congress.com the bill was introduced without sponsors in the House by the Finance committee, then reworked in the Senate. The three Senators were often credited as being the principle authors and promoters of the bill. However, Congress.com does not list them, or anyone else, as sponsors. Ignatios2000 (talk) 15:48, 29 June 2021 (UTC)
thread_title:  Inaccurate summary information.