Government Spending
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| show | a line-item budget expenditure that circumvents normal budget procedures and benefits a small number of ppl or businesses
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| show | the part of the economy made up of local, state, and federal governments
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| show | part of economy made up of private individuals and businesses
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| show | payment for which gov receives neither goods nor services in return
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| Grant-in-Aid | show 🗑
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| show | government payment to encourage or protect a certain economic activity
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| Distribution of Income | show 🗑
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| Federal Budget | show 🗑
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| Fiscal Year | show 🗑
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| show | legislation authorizing spending for certain purposes
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| show | a negative balance after expenditures are subtracted from revenues
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| Budget Surplus | show 🗑
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| Mandatory Spending | show 🗑
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| Discretionary Spending | show 🗑
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| show | federal health-care program for senior citizens, regardless of income
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| show | joint federal-state medical insurance program for low-income people
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| show | constitutional amendment requiring government to spend no more than it collects in taxes and other revenues, excluding borrowing
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| show | funds that one level of government transfers to another level for spending
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| Congressional Budget Office (CBO) | show 🗑
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| show | annual gov spending in excess of taxes and other revenues
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| show | total amount borrowed from investors to finance the government’s deficit spending
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| Balanced Budget | show 🗑
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| Trust Funds | show 🗑
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| show | per person basis; total divided by population
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| show | higher-than-normal interest rates and diminished access to financial capital faced by private borrowers when they compete with government borrowing in financial markets
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| show | requirement that new spending proposals or tax cuts must be offset by reductions elsewhere
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| show | power to cancel specific budget items without rejecting the entire budget
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| Spending Cap | show 🗑
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| show | program or benefit using est. eligibility requirements to provide health, nutritional, or income supplements to individuals
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