The Economics of Defense: Impact of Gramm-Rudman-Hollings on the Defense Budget, FY86 through FY90 and Beyond.
Abstract
This is a study of how Public Law 99-177, commonly referred to as 'Gramm-Rudman-Hollings', or 'Gramm-Rudman' has affected, and will affect, the defense budget of the United States from Fiscal Year 1986 through 1990 and beyond. The law represents a break with past Congressional budgetary history. This study shows what was budgeted for defense before and after the law's introduction, and deals with some of its impacts on the services and their programs. It identifies the options Congress has for controlling future deficits and the likelihood of these being implemented. The study explains how the amount to be withheld ('sequestered') from the defense budget is to be determined if the preset deficit reduction targets are not met each year. It also provides a brief history of the law and a summary of its relevant provisions and attendant procedures affecting the DOD budget. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Apr 01, 1987
- Accession Number
- ADA179954
Entities
People
- Michael J. Snedeker
Organizations
- Air Command and Staff College