Chapter 14 Vocab

Question 1

A policy document allocating burdens and benefits

Answer 1

Budget

Question 2

An excess of federal expenditures over federal revenues

Answer 2

Deficit

Question 3

Government spending of revenues

Answer 3

Expenditures

Question 4

The financial resources of the government

Answer 4

Revenues

Question 5

Shares of individual wealth and corporate revenues collected by the government

Answer 5

Income tax

Question 6

All the money borrowed by the federal government over the years and still outstanding

Answer 6

Federal debt

Question 7

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

Answer 7

Tax expenditures

Question 8

1935 act during the great depression that was intended to provide a minimal level of sustenance the older Americans and save them from poverty

Answer 8

Social security act

Question 9

A program added to the Social Security system in 1965 the provides hospitalization insurance for the elderly and permits older Americans to purchase inexpensive coverage for Dr. fees and other health expenses

Answer 9

Medicare

Question 10

Description of the budget process for the best predictor of this year’s budget is last year’s budget plus a little bit more

Answer 10

Incrementalism

Question 11

Expenditures that are determined not by a fixed amount of money appropriated by Congress bye-bye how many eligible beneficiaries there are for a program or by previous obligations of the government

Answer 11

Uncontrollable expenditures

Question 12

Policies for which Congress is obligated itself to pay X level of benefits to Y number of recipients

Answer 12

Entitlements

Question 13

The House of Representatives committee that along with the Senate Finance Committee writes the tax codes

Answer 13

House ways and means committee

Question 14

Senate committee that along with the house ways and means committee writes the tax codes

Answer 14

Senate finance committee

Question 15

And act designed to reform the congressional budgetary process it supporters hope that it would also make Congress less depending on the presidents 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 consequences of his decisions forecast revenues and is a counterweight to the presidents office of management and budget

Answer 16

Congressional budget office

Question 17

Resolution binding Congress to a total expenditure level supposedly the bottom line of all federal spending programs

Answer 17

Budget resolution

Question 18

A congressional process through which program authorizations are revised to achieve required savings

Answer 18

Reconciliation

Question 19

An act of Congress that establishes continues or changes and discretionary government program or an entitlement

Answer 19

Authorization bill

Question 20

Act of Congress that actually funded programs within limits established by authorization bills

Answer 20

Appropriations bill

Question 21

When Congress cannot reach agreement and pass appropriation bills these resolutions allowed agencies to spend at the level of the previous year

Answer 21

Continuing resolutions

Question 22

The spending category in which the government to make choices in the amounts to budget

Answer 22

Discretionary spending