Libs & Cons Flashcards
What is the
basic
characteristic of
federalism?
It divides power between a National Government and State governments.
What is the
approximate
current U.S.
National Debt?
$32 Trillion
What are some
examples of
Entitlements?
Social Security, Medicare, Food Stamps and unemployment compensation
Describe a Swing State?
A state that lacks a consistent pattern of choosing a particular party’s presidential candidate because the two major parties have similar levels of support.
When the Federal Government spends more than it takes in
Deficit financing.
As the head of the Executive Branch, the President has the responsibility _______.
To prepare the Federal Budget
What is Adjusted Gross Income (AGI)?
The amount of income on which a person is taxed after deductions taken for certain expenses such as charitable donations.
What country loans the US the most money?
China
The US has what type of tax system?
Progressive tax system
Basic difference between Liberal and Conservatives?
Conservatives prefer a less active government, while liberals prefer a more active government.
Red states represent…
Conservative/Republican states
Blue states represent…
Liberal/Democratic states
When does the government’s Fiscal Year begin?
October 1st
Who does Medicare provide services to?
The elderly.
Who does Medicaid provide service to?
Low income/Disabled