US Federal Budget Breakdown

What is the CBO?

• Congressional Budget Office

• Catering By Orders

• Cats Boss Owners

• Congress Buys Ordeals

Who is the current President of the United States?

• Donald Trump

• Joe Biden

• George Washington

• Jimmy Fallon

In 2022, the US Government estimated the US deficit would be approximately what?

• $1.8 million

• $180,000

• $1.8 trillion

• $1.8 billion

What are 2 areas the Federal Government can earn revenue?

Check BOTH answers.

• Income Taxes

• Dog Tag Registration

• Social Security, Medicare & other Payroll Taxes

• Property Taxes

More than 65% of government spending is mandated for which benefits?

• Congressional salaries

• Social Security & Medicare

• Defense

• National Parks

What is the largest area that the Federal Government spends its Discretionary funds?

• Education

• Foreign Aid

• National Parks

• The Military

What does "deficit" mean?

• It is when something is very wrong.

• It is the difference between the amount of revenue collected and the money spent.

• It is the money that the government spends.

How does the Deficit contribute to the National Debt?

• It doesn't

• It gives tickets to the next upcoming Commanders season.

• The deficit is added to the US debt each year.

What year did Congress create the budget process?

• 1776

• 1995

• 1974

• 1861

When was the last time the Federal Budget was balanced?

• 2001

• 1842

• 1965

• 1777