| Term |
Answers |
| Budget | A policy document allocating burdens and benefits |
| Federal Debt | All of the money borrowed over the years and still outstanding |
| Social Security Act 1935 | This was intended to provide a minimal level of sustenance to older American |
| Tax expenditures | (loopholes or breaks) revenue losses attributed to provisions of the fed'l tax laws that allow a special exemtion, exclusion, or deduction |
| Incrementalism | Best predictor of this years budget is last years, plus a little bit more |
| Uncontrollable Expenditures | result from policies that make some groups automatically eligible for some benefit (aka an entitlement) |
| Congressional Budget Office | created by congressional budget and impoundment act of 1974. agency advises congress on the probable consequences of its budget decisions |
| Vote on budget Resolutions | occurs in congress every april |
| Appropriations bill | act of congress that funds programs within limits established by authorization bills |
| Continuing Resolutions | allow agencies to spend at the previous years level |
