Show Me the Money Notes (Part of Final) Flashcards

1
Q

What were the two major goals of the Federal Election Campaign Act of 1974?

A
  • Increase reporting requirements (success)

- Decrease overall spending (fail)

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2
Q

What agency was created by the Federal Election Campaign Act?

A

Federal Election Commission

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3
Q

What is unique about the FEC as compared to most agencies that have members appointed by the President?

A

Required to be bipartisan

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4
Q

A donation to a Presidential Election Campaign Fund is made through which means? (voluntarily)

A

Income taxes

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5
Q

In order for the President to acquire the right to matching funds, they must do what?

A
  • Agree to limit their spending

- Most can raise more, so they don’t take the funds

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6
Q

What is the concept of full disclosure?

A

Must report who donates, how much, and what it’s spent on

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7
Q

How much can one individual contribute directly to a political campaign? This number is indexed, which means what?

A

$2700, adjusted for inflation

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8
Q

What did Buckley v. Valeo decide?

A

Candidates can spend as much of their own money as they want to fund their own campaigns

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9
Q

What was banned by the McCain-Feingold Act?

A

Soft money donations to political parties

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10
Q

PACs can still spend soft donations, as long as the refrain from doing what?

A

Coordinating directly with the candidate

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11
Q

Why can PACs spend as much as the want on campaigns?

A

Freedom of speech expression

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12
Q

PACs can donate how much per candidate per campaign?

A

$5000

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13
Q

The Federal Election Campaign Act of 1974 included which reforms?

A
  • Creation of the Federal Election Commission
  • Creation of a reporting system for all contributions
  • Allowance of federal matching funds for major presidential candidates in primaries
  • Limitation of individual contributions to $1000 per election campaign
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14
Q

What does PAC stand for and what do they do?

A

Political Action Committee, give $ for candidates

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15
Q

Give four examples of “soft money” campaign spending

A
  • Party building activities
  • Issue ads
  • Voter registration campaigns
  • Get out the vote drives
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16
Q

Which act did the most to restrict soft money contributions?

A

McCain/Feingold Act

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17
Q

In order for the President to qualify for matching funds they must raise what amount in how many states? The federal government will then only match donations equal to or less than what amount?

A

$5000 in 20 states, matching up to $250

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18
Q

How much can an individual donate to a candidate per campaign? A PAC? Independent advertising?

A

$2700, $5000, unlimited

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19
Q

The current individual campaign number was set by which act?

A

McCain/Feingold Act

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20
Q

The current PAC number was set by what?

A

Full disclosure laws

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21
Q

The current independent advertising was set by what?

A

Buckley v. Valeo

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22
Q

What is mandatory spending?

A

Spending required by law (social security, medicade)

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23
Q

What is discretionary spending?

A

Spending not required by law (defense, education, etc)

24
Q

How were civil servants originally picked?

A

Spoils system

25
Q

What major event changed the way the civil service is selected? What law followed?

A

Garfield assassination, Pendleton Act

26
Q

How are civil servants selected now?

A

Merit System

27
Q

FCC

A

Federal Communications Commission (Independent regulatory commission)

28
Q

FDIC

A

Federal Deposit Insurance Corporation (Government corporation)

29
Q

USPS

A

United States Postal Service (Government corporation)

30
Q

Peace Corps

A

Independent executive agency

31
Q

SEC

A

Securities exchange commission (independent regulatory commission)

32
Q

FTC

A

Federal Trade commission (Independent regulatory commission)

33
Q

EPA

A

Environmental Protection Agency (Independent executive agency)

34
Q

Amtrack

A

Transportation (Government corporation)

35
Q

Federal Reserve

A

Money supply (Independent regulatory commission)

36
Q

NASA

A

National Aeronautics and Space Administration (Independent executive agency)

37
Q

Federal Election Committee

A

Independent executive agency

38
Q

What does EOP stand for?

A

Executive Office of the President

39
Q

Which EOP was newly created by President Bush? What is its major concern?

A

Homeland security, domestic security

40
Q

What is the NSC, and what does it do?

A

National Security Council, advises the President on foreign and military affairs

41
Q

Name two positions that are a part of the NSC

A

Secretary of Defense & State, Joint Cheifs of Staff

42
Q

People such as the president’s press secretary and personal doctor are part of which agency?

A

WHO - White House Office

43
Q

Which EOP agency helps the President put together his annual budget?

A

OMB - Office of Management and Budget

44
Q

When does the federal fiscal year start?

A

Oct. 1

45
Q

If a regulatory agency is quasi-legislative and quasi-judicial what does it mean

A

They are allowed to make and enforce rules

46
Q

There is a fear that what have taken over and influenced the regulatory agency as opposed to supported them?

A

Interest groups

47
Q

What does it mean if a job includes bipartisan employment?

A

Has people of both parties to avoid partisan bias

48
Q

What did the Hatch Act do?

A

Limited civil servants from participating in politics

49
Q

How did the “New Hatch Act” change the original?

A

You can’t participate while working in your capacity

50
Q

Enforces safety standards for products

A

CPSC - Consumer Product Safety Commission

51
Q

Regulates futures trading in goods such as agriculture and metal?

A

CFTC - Commodities Future Trading Commission

52
Q

Remedies unfair labor practices

A

NLRB - National Labor Relations Board

53
Q

Why do civil service jobs sometimes have a hard time competing with private sector jobs?

A

Private pays more

54
Q

What deals with television and radio?

A

FCC

55
Q

What deals with financial markets

A

SEC

56
Q

What influences the environment?

A

EPA

57
Q

What situation greatly expands the power of the federal bureaucracy?

A

When Congress has broad general guidelines