Ap Gov ch 14

	a policy document allocating all burdens (taxes) and benefits (expenditures).
	An excess of federal expenditures over federal revenues
	Federal spending of revenues. Major areas of such spending are social services and the military.
	The financial resources of the federal government. The individual income tax and Social Security tax are two major sources of revenue.
	Shares of individual wages and corporate revenues collected by the government. The Sixteenth Amendment explicitly authorized Congress to levy a tax on income.
	The constitutional amendment adopted in 1913 permitting congress to levy an income tax.
	All the money borrowed by the federal government over the years and still outstadning.
	Revenue losses that result from the special exemptions, exclusions, or deductions on federal tax law.
	A 1935 law passed during the Great Depression that was intended to provide a minimal level of sustenance to older Americans and thus save them from poverty.
	Added to social security in 1965 provides hospitalization insurance for the elderly and permits older Americans to purchase inexpensive coverage for doctor fees and other helath expensives.
	The belief that the best predictor of this years budget is last years plus a little more. Most of the budget is a product of last years.
	expenditures that are determined not by a fixed amount of money appropriated by congress but by how many eligible beneficaiaries there are for a program or by previous obligations of the government.
	policies for which congress has obligated itself to pay x lvl of benefits to y number of recipients. Social Security benifits are an example.
	The H.R. committee with the Senate Finance Committee writes tax codes, subject to approval of the whole congress
	An act to reform the congressional budgetary process. Supportors hoped to make congress less dependent on the presidents budget and help to make its own budgetary goals.
	Advises congress on the probables consequences of its decisions, forcasts revenues and is a counterweight to the president's OMB.
	Binds congress to a total expenditure level, bottom line of all federal spending for all programs.
	Congressional process which program authorizations are revised to achieve required savings. Includes tax or other revenue adjustments.
	Act of congress that establishes, continues, or changes a discretionary government program or an entitlement. It specifies program goals and max expenditures for discretionary programs.
	Act of congress that funds programs within limits established by authorization bills, cover one year.
	When congress cannot reach an agreement and pass appropriation bills resolutions allow agencies to spend at level they did last year.