Term
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Definition
| the amount by which expenditures exceed revenues |
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Term
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Definition
| the amount by which revenues exceed expenditures |
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Term
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Definition
| the total amount owed by the federal government |
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Term
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Definition
| parts of the budget designated by congress as seperate from the normal budget. Programs that operate with their own revenues sources and have trust funds. i.e. Social Security, Medicare and the Postal Service |
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Term
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Definition
| parts of the budget that rely entirely or mostly on general revenue. |
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Term
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Definition
| money that was freed up for other spending priorities when the Cold War was over |
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Term
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Definition
| that part of the federal budget devoted to spending on goods and services that will be used in the current year |
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Term
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Definition
| that part of the federal budget devoted to spending on goods that will last several years |
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Term
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Definition
| that part of the deficit attributable to the economy's not being at full employment |
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Term
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Definition
| that part of the deficit that would remain even if the economy were at full employment |
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Term
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Definition
| that part of the budget attributable to program designed to get an economy out of recession. i.e. stimulus package |
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Term
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Definition
| situation that renders good times better and bad times worse. i.e. balancing a budget could be a bad/good thing |
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