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Blowing Up the Debt Is a Threat to America

Leon Panetta, USA TodayThe original purpose of the Budget and Impoundment Act enacted in 1974 was to enforce fiscal discipline. It called for Congress to report a budget resolution by April 1 of each year that included spending limits, enforcement provisions and a five-year plan to reduce deficits and move toward a balanced budget. … Read the referenced┬ástory here: Blowing Up the Debt Is a Threat to America

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