Budget Tag-Team

The Congressional Budget and Impoundment Control Act established the _____ to give Congress an independent source of information on the impact of various spending and revenue proposals.

The federal government spends nearly 60% of its budget on ______ consisting of entitlement programs for which spending is locked in place by congressionally mandated formulas.

Programs for which spending can vary from year to year—such as spending on the military—are referred to as _____.

The largest single program in the federal budget is _____.

The amount by which federal expenditures exceed federal revenues in a one-year period is called the _____.

The total amount of money the federal government owes is called the _____.

A/An _____ bill establishes the amount of money a particular government program may spend.

A/An _____ bill provides money for a government program to spend. This may be less than the amount established in #7.

The _____ assists the president in crafting a budget proposal by considering and modifying budget requests from various federal agencies.

The term _____ describes how the budgets for most agencies are based on last year’s budget plus a little more.