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Issues Vocabulary
N/A
20
History
12th Grade
02/24/2011

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Cards

Term
Laissez-Faire
Definition
The principle that government should not meddle in the economy.
Term
Monetarism
Definition
An economic theory holding that the supply of money is the key to nation's economic health.
Term
Keynesian Economic theory
Definition
The theory emphasizing that government spending and deficits can help the economy weather its normal ups and downs.
Term
Supply-side economics
Definition
An economic theory holding that too much income goes to taxes and too little money is available for purchasing; the solution is to cut taxes and return purchasing power to consumers.
Term
Entitlement programs
Definition
Policies for which expenditures are uncontrollabe because Congress has in effect obligated itself to pay X level of benefits to Y number of recipients.
Term
Means-tested programs
Definition
Government programs available only to individuals below the poverty line.
Term
Progressive tax
Definition
A tax by which the government takes a greater share of the income of the rich than of the poor.
Term
Proportional tax
Definition
A tax by which the government takes the same share of of income from everyone, rich and poor alike.
Term
Transfer payments
Definition
Benefits given by the government directly to individuals.
Term
Health Maintenance Organization (HMO)
Definition
Organizations contracted by individuals or insurance companies to provide health care for a yearly fee.
Term
Environmental Impact Statement (EIS)
Definition
A report filed with the EPA that specifies what environmental effects a proposed policy would have.
Term
Superfund
Definition
A fund created by Congress to clean up hazardous waste sites.
Term
Joint Chiefs of Staff
Definition
The commanding officers of the armed service who advise the president on military policy.
Term
Line-item veto
Definition
Allows governors to veto particular portions of a bill.
Term
Merit Plan
Definition
A hybrid system of appointment and election used to select judges in 17 states.
Term
Initiative
Definition
A process whereby voters may put proposed changes in the state constitution to a vote if sufficient signatures are obtained in petitions calling for such a referendum.
Term
Referendum
Definition
A state-level method of direct legislation that gives voters a chance to approve or disapprove legistion or a constitutional amendment proposed by the state legislature.
Term
Recall
Definition
A procedure that allows voters to call a special election for a specifc offical in an attempt to throw him or her out of office before the end of his or her term.
Term
Dillon's Rule
Definition
The idea that local governments have only those powers that are explictly given them by the states.
Term
Home Rule
Definition
The practice by which municipalities are permitted by the states to write their own charters and change them without permission of the state legislatures, within limits.
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