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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 than 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 known 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.