The Budget Enforcement Act in 1992: Necessary But Not Sufficient
MetadataShow full item record
The 1992 budget process followed the Budget Enforcement Act of 1990 (BEA) script, although not without a protracted conflict concerning the walls separating the three categories of discretionary spending. The walls were retained, spending caps were met, and the process was timely. What deficit reduction occurred was the result of spending below the FY 1993 defense cap. Congress neither raised taxes nor cut entitlements to reduce the deficit further. The deficit grew significantly, driven by entitlement spending, chiefly health care programs. The limits of the BEA approach to spending control and deficit reduction became apparent.
Showing items related by title, author, creator and subject.
Malokofsky, Nicholas C. (Monterey, California. Naval Postgraduate School, 2012-12);Is the current budget and debt of the United States a concern to its national defense Does debt held by foreign nations, particularly China, give them soft power over the United States The current national deficit is more ...
Doyle, Richard B.; McCaffery, Jerry L. (Monterey, California. Naval Postgraduate School, 1993-07); NPS-AS-93-014The budget controls prescribed by BEA were rather faithfully implemented in 1992, but the deficit continued to grow and the clarity of the budget process was diminished. Spending on mandatories accelerated. The discretionary ...
Doyle, Richard; McCaffery, Jerry (1991);The Budget Enforcement Act of 1990, included in the controversial and comprehensive budget legislation passed by Congress in October, makes a number of significant changes in federal budgeting. It shifts the focus of the ...