The Federal Government is the only government that can spend more than it receives. Current Debt: $ 16.4 Trillion Current Deficit: 1.1 Trillion (for 2012); so far in 2013, about $290.4 billion What is your opinion on this statement?
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Current Debt: $16.4 Trillion
Current Deficit: 1.1 Trillion (for 2012); so far in 2013, about $290.4 billion
What is your opinion on this statement?
Should the federal government be able to do this or have a balanced budget?
Read the provided handout on the budget process.
Answer the worksheet questions either as you read or after you read. Your answers should be specific and detailed.
NOTE: Congress can only appropriate money that is budgeted
Eliminates subcommittee control of spending
2/3 of the Federal Budget is mandatory spending.
Entitlements are the fastest growing area of spending.
“A bad idea who’s time has come.”
-Sen. Warren Rudman
Does this remind you of a certain, economic/government related current event???