(§ 10108) Repeals a provision that applies certain economic assumptions to simultaneous budgetary review. Authorizes the Authority or the Mayor to withdraw, with the agreement of the Authority, the heads of certain government departments during a year of control. A “control year” is defined as a year in which a financial plan and budget approved by the Authority is in effect (for periods during which the district is unable to meet certain financial obligations). Republicans say these fears are exaggerated and argue that the waste of lawmakers, after accumulating $1 trillion in debt, can only be limited by an amendment. They point out that most states have an obligation to balance their budgets. Some Democrats, who sympathize with balancing the budget, have proposed removing Social Security from the budget to reduce that possibility, an idea that most Republicans reject. Amends the Social Security Act to remove the Federal Hospital Insurance Trust Fund from the list of funds exempt from general budgetary restrictions and excluded from the budget of the President and Congress. The Senate passed the bill with amendments that were not in the House of Representatives` version and sent it back to the House of Representatives to approve the amendments. The vote was held unanimously, so that no record of each vote was made. A GOP favorite The proposed revision of the Constitution for a balanced budget is related to the debate on President Clinton`s budget proposal, but it is different from this one. The amendment is supported by most Republicans and rejected by most Democrats, including the president. By a two-thirds majority in Congress, enough Democrats supported the proposal to give it a combative chance of being passed in the 105th Congress.
If a balanced budget amendment were approved by Congress, it would not have to be signed by the president, but approved by three-quarters of the states. At the time of the 1997 budget deal, the Concord Coalition congratulated policymakers on a hard-won deal, but warned that not only would partisan forces try to get back on track, but policymakers needed to move on to more substantial Medicare and Social Security reforms, given the demographic and fiscal outlook. The Balanced Budget Act 1997 (Pub.L. 105-33 (text) (pdf), 111 Stat. 251, effective August 5, 1997) was an omnibus legislative package passed by the United States Congress using the balanced budget process and aimed at balancing the federal budget until 2002. This act was signed into law during Bill Clinton`s second term as president. (Section 11712) Authorizes federal law enforcement authorities to enter into cooperation agreements with the District Police Department to assist the Division in implementing crime prevention and law enforcement measures. Engage the Chairman of the House Of Representatives Committee on Budgets if, before the 15th, the adoption of a simultaneous budgetary decision is not taken in the Assembly on 1 April 2007, in accordance with the discretionary expenditure limits contained in the budget resolution last adopted for the corresponding financial year, which will be covered by such a decision. The Swedish government is required to achieve an average budget surplus of at least 1% of GDP over a business cycle period. In 2019, this target was temporarily reduced to 0.33% of GDP. Total debt must not exceed 35% of GDP.
This rule covers all levels of government, including local authorities.  After the 1995 budget wars, there were dozens of explanations for the failure. Angry Republicans blamed Clinton`s intransigence, saying Clinton had made the cold calculation that a balanced budget was not in her political interest. Democrats claimed that an arrogant Republican Congress exaggerated the attempt to cut Medicare and other programs and impose a huge tax cut, despite democratic objections and growing public concern about their tactics. Subtitle E: Financing of District of Columbia Accumulated Deficit – Amends the District of Columbia Revenue Act of 1939 to allow medium-term advances of funds from the Department of Finance to assist the District in liquidating the current accumulated operating deficit of the General Fund existing on September 30, 1997. . .