Chapter 14 Questions

Chapter 14 Questions

1.     Budget

2.     Deficit

3.     Expenditures

4.     Revenues

5.     Income tax

6.     16th amendment

7.     Explain fig 14.1

8.     What is a progressive tax

9.     What is a flat tax

10.  Federal debt

11.  Government bonds

12.  Why might our gov have taxes

13.  Tax loophole

14.  Perot loophole

15.  Tax expenditure

16.  Tax reduction

17.  Put ‘America in perspective’. (Chart)

18.  How has federal budget grown?

19.  How big is US Gov. relative to western nations.

20.  How did

21.  Cold War raise budget?

22.  Military industrial complex?

23.  How have defense expenditures varied?

24.  What are large components of defense budgets?

25.  Biggest slice of budget pie?

26.  Social Security Act?

27.  Medicare?

28.  Payer to payee ratio for Social Security?

29.  Possible Solutions?

30.  Figure 14.5

31.  What is incrementalism?

32.  Are all budgets incremental?

33.  Uncontrollable expenditure?

34.  Entitlement?

35.  Budget and Lasswell?

36.  What are the stakes?

37.  What are the strategies?

38.  Who are the players?

39.  House wasy and means committee

40.  Senate Finance Committee?

41.  Budget and Accounting Act

42.  24. OMB

43.  25. Power of the Purse

44.  26. Congressional Budget and Impoundment Control act of 1974

45.  27. CBO

46.  28. Budget resolution

47.  29. Reconciliation

48.  30. Authorization Bill

49.  31. Appropriations bill

50.  32. Did the 1974 reforms work

51.  33. Continuing Resolutions

52.  34. Gramm-Rudman-Hollings

53. 35. How does ‘democracy’ affect budget?