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Legislator A supports a proposal favored by Legislator B in return for Legislator B's support for Legislator A's.
Document that states tax collections, spending levels, and the allocation of resources among purposes
Congressional decision that states the maximum amount of money the government can spent in a given year
Council of Economic Advisors
A group that forecasts economic trends and advises the POTUS on economic issues
A continuing resolution passed to fund government for a short time (usually 30-120 days) while a larger budget bill is being considered.
Any federal programs that guarantee payment to individuals who meet a certain criteria set by law.. These programs include Social Security, Medicare, Medicaid, veterans' compensation and pensions. These programs, especially Social Security, constitute more than half of all federal government spending.
Spending not required to pay for contracts, interest on the national debt, or entitlement prgrams
The use of the amount of money in bank deposits and the price of lending money to affect the growth of the economy
Automatic, across-the-board cuts in certain federal programs when Congress and POTUS cannot agree on a spending plan
An economic philosophy that holds that sharply cutting taxes would increase the incentive to invest, leading to more tax revenue
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