As a condition for increasing the federal debt ceiling, Congress and President Obama agreed on the mechanics of the BCA, which resurrected the Gramm-Rudman-Hollings concepts of spending caps and automatic cuts.
What does G-R-H stand for?
G-R-H stands for Gramm-Rudman-Hollings
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Military and Government
Other Resources:
We have 40 other meanings of G-R-H in our Acronym Attic
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- Generalized Polling Protocol - Packet Assembly/Disassembly
- Gigabit-Passive Optical Network
- Generalized Pre-Equalization
- Grid Quality of Service Management
- Generation-Recombination (electricity)
- Ghana Research and Advocacy Project
- Guard Recruiting Assistant Program
- Grading and Staging (diagnostic method)
- Guanine Nucleotide-Sensitive (biochemistry)
- Ground-Signal-Ground
- Global Society for Asset Management
- Global Systems Applications and Products (SAP world wide system deployment)
- Global Systemically Important Banks (finance)
- Ginseng Stems and Leaves
- Generic Software Fault Injection Technique
Samples in periodicals archive:
Rudman is most well-known for his Senate years as co-sponsor of the Gramm-Rudman-Hollings budget-cutting law, but left the Senate in 1993 before the law ever reached its potential.
He was a true warrior for fiscal sanity and co-author of the historic Gramm-Rudman-Hollings legislation in 1985 that attempted to force Congress into true deficit reduction budgets.
Two Santa Fe doctors say if the federal budget cuts proposed by the Gramm-Rudman-Hollings act are approved, health care for pregnant women could get worse before it gets better.
He refutes his own reform proposal by recounting the Gramm-Rudman-Hollings budget-control scheme and the Budget Enforcement Act.
In 1986, Congress operated under the so-called Gramm-Rudman-Hollings law, a stop-me-before-I-spend provision that provided for across-the-beard cuts in discretionary spending (both military and domestic) if Congress failed to reach deficit reduction targets.
On domestic issues, in 1985, Kerry was one of the first congressional Democrats to support the Gramm-Rudman-Hollings balanced budget act, steering the Democratic Party toward fiscal responsibility that is lacking under George Bush.
He is particularly proud of his early support of the Gramm-Rudman-Hollings deficit-cutting measure in the late 1980s.