Ch 14 Vocab

Question 0

Excess of fedral expenditures over federal revenues

Answer 0

Deficit

Question 1

Policy doc allocating burdens(taxes) & benefits(expenditures)

Answer 1

Budget

Question 2

Govt spending of revenues

Answer 2

Expenditures

Question 3

Financial resources of the govt; individual income tax and SS tax are 2 major sources of fed govts of revenue

Answer 3

Revenues

Question 4

Shares of individual wages and corporate revenues collected by govt

Answer 4

Income tax

Question 5

In 1913 that permitted congress to levy an income tax

Answer 5

16th amendmwnt

Question 6

Money borrowed by fed govt over the yrs and still outstanding

Answer 6

Federal debt

Question 7

Revenue losses that result from special exemptions exclusions or deductuons on federal tax law

Answer 7

Tax expenditures

Question 8

1935 law passed during the great depression that was intended to provide a minimal level of sustenance to older am & save them from property

Answer 8

Social security act

Question 9

Added to the social security system in 1965 that provides hospitalization insurance for the elderly and permits older Am to purchase inexpensive coverage for dr fees & other health expenses

Answer 9

Medicare

Question 10

Description of budget process where beast predictor of this yrs budget is last yrs bidget plus a little more

Answer 10

Incrementalism

Question 11

Determined by how many eligible beneficiaries there are for a program or by previous obligations of the govt

Answer 11

Uncontrollable expenditures

Question 12

Policies for which congress has obligated itself to pay x level of benefits to y number of recipients

Answer 12

Entitlements

Question 13

HoR committee that writes the tax codes, subject to the approval of congress as a whole

Answer 13

House ways and means committee

Question 14

Senate comm,Writes tax codes subjext to the approval of congress as a whole

Answer 14

Senate finance committee

Question 15

Reforms congress budgetary process; hoped to also make congress less dependent on the pres’s budget and better able to set and meet its own budgetary goals

Answer 15

Congressional budget and impoundment control act of 1974

Question 16

Advises congress on the probable consuquences of its decisions forecasts reenues and is a counterweight to pres’s OMB

Answer 16

Congressional budget office

Question 17

Binding congress to a total expenditure level, supposedly the bottom line of all federal spending for all programs

Answer 17

Budget resolution

Question 18

Congressional process through which program authorizations are revised to achieve required savings

Answer 18

Reconciliation

Question 19

Congress that est continues or changes a discretionary govt program or an entitlement;specifies program goals and maximum expenditures for doscretionary programs

Answer 19

Authorization bill

Question 20

Funds programs within limits est by authorization bills

Answer 20

Appropriations bill

Question 21

When congress cant reach agreement and pass appropriation bills these resolutions allow agencies to spend at the level of the previous yr

Answer 21

Continuing resolutions