dolezalskylar99
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worth 20 points:)
1. Which act created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending?

A. the Economic Growth and Tax Relief Reconciliation Act of 2001

B. the 1990 Budget Enforcement Act

C. the Social Security Act of 1935

D. the Gramm-Rudman-Hollings Act

2. Every hour, the federal government spends about _____.

A. $25 million

B. $250 thousand

C. $250 million

D. $25 billion

Respuesta :

The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending

B. the 1990 Budget Enforcement Act

Question2 Every hour, the federal government spends about

B. $250 thousand

Explanation:

The act came as a response to the impending recession the western markets in the 1990 fiscal year which was to hit USA particularly hard. This came as a result of and in contrast with many conservative measures taken by the President George W Bush Sr up until that point.

The president had been saying till then that  the opposition and the population could read his lips that there will not be new taxes.

It did happen though as this law allowed the government to increase taxation rates to cover governmental spending.

Mbrowningwest1

Answer:

The act that created a “pay-as-you-go” system that requires Congress to raise enough revenue to cover increases in direct spending

B. the 1990 Budget Enforcement Act

Question2 Every hour, the federal government spends about

B. $250 thousand

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