Chapter 14. Do half of the chapter.

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)


1. 1. How has federal budget grown?
2. How big is US Gov. relative to western nations.
3. How did
Cold War raise budget?
4. Military industrial complex?
5. How have defense expenditures varied?
6. What are large components of defense budgets?
7. Biggest slice of budget pie?
8. Social Security Act?
9. Medicare?
10. Payer to payee ratio for Social Security?
11. Possible Solutions?
12. Figure 14.5
13. What is incrementalism?
14. Are all budgets incremental?
15. Uncontrollable expenditure?
16. Entitlement?
17. Budget and Lasswell?
18. What are the stakes?
19. What are the strategies?
20. Who are the players?
21. House wasy and means committee
22. Senate Finance Committee?
23. Budget and Accounting Act
24. OMB
25. Power of the Purse
26. Congressional Budget and Impoundment Control act of 1974
27. CBO
28. Budget resolution
29. Reconciliation
30. Authorization Bill
31. Appropriations bill
32. Did the 1974 reforms work
33. Continuing Resolutions
34. Gramm-Rudman-Hollings
35. How does ‘democracy’ affect budget?