the new budget situation. Beginning in the spring the Congress held
During 1976, the Congress and Candidate Jimmy Carter had responded to
subject to annual appropriations but driven by permanent entitlement
existed that federal spending was out of control, with much of it no longer
post-World War II high of $73.8 billion for fiscal 1976. A general sense
the annual deficit had been above $50 billion for 2 years, reaching a
In the mid 1970s, the annual deficit was a matter of public debate. By 1977
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