11-12 Flashcards
1
Q
Authorized by law..social security
A
Mandatory spending
2
Q
Federal health care program for senior citizens…example of proportional tax
A
Medicare
3
Q
President and Congress must decide to spend for the next fiscal year through annual appropriations bills. Examples include money for such programs as the FBI, the Coast Guard, housing, education, space exploration, highway construction, defense, and foreign aid.
A
Discretionary Spending
4
Q
constiutional amendment requiring government to spend no more than it collects in taxes and other revenues, excluding borrowing
A
Balances budget amendment
5
Q
Budget surplus
A
a positive balance after expenditures are subtracted from revenues
