Federal Funding

Spending required by law

• discretionary spending

• mandatory spending

• federal spending

• surplus spending

This is the yearly plan for how the US Government will spend the money it takes from taxes and borrowing

• federal budget

• the task

• discretionary spending

• mandatory spending

discretionary spending is

• congress's choice

• required by law

• requested by the president

• All of the above

When a government it spending more money than it is making, it is operating in a...

• deficit

• surplus

• IOU

• interest

When the US is is making more money than it is spending, it is operating in a

• deficit

• suprlus

• interest

• IOU

The taxing and spending policies of the president and Congress are known as

• revenue policy
• fiscal policy
• monetary policy
• recession policy

money that Congress is mandated, or required, by existing law to spend on certain programs or use for interest payments on national debt. 

• mandatory spending 
• discretionary spending 
• entitlement 
• budget 

social welfare programs that people are "entitled to" and benefit from if the meet eligibility requirements 

• mandatory spending 
• discretionary spending 
• entitlements 
• budget 

budget in which revenue is equal to spending 

• budget 
• operating budget 
• capital budget 
• balanced budget 

Which of the following does the US spend the most money on?

• defense

• education

• international affairs

• health care