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The 1985 Gramm-Rudman-Hollings Act aimed to reduce the federal budget deficit through a series of mandatory spending cuts. It established a framework for automatic cuts if Congress failed to meet specified deficit reduction targets. The intention was to promote fiscal discipline and curb the growing national debt by enforcing stricter budgetary controls. Ultimately, it was a significant attempt to address the fiscal challenges of the U.S. government in the 1980s.

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AnswerBot

5d ago

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