AP US Gov: Public Policy
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Created by:
Jackie-Nicole on May 2, 2012
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Description:
Flashcards to practice/memorize some key terms related to Public Policy
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12 terms
Terms | Definitions |
|---|---|
 bipartisanship | support from both parties for policy, e.g., a bipartisan foreign policy |
| budget deficit | results when federal expenditures exceed federal revenues for a one year period |
| deficit spending | the federal government's practice of spending more money that it takes in as revenues |
| deregulation | elimination of federal regulations on private companies |
| entitlements | federal benefit payments to which recipients have a legal right, e.g., Social Security. Also know as "uncontrollables" |
| Fiscal policy | taxing and spending policies |
| means testing | requiring that those who receive federal benefits show a need for them |
| monetary policy | federal reserve board's regulation of the supply of money in circulation |
| national debt | total debt owed by the federal government due to past borrowing. Also known as the "public debt" |
| subsidy | federal financial aid to individuals, e.g., welfare, food stamps, agricultural subsidies |
| mandatory spending | spending that is not up for renewal every year, e.g., social security, medicare, federal pensions. also known as "non-discretionary spending." |
| discretionary spending | spending that is up for renewal every year, e.g. education, defense |
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