A budget occurs when expenditures exceed revenues in a fiscal year. [Hint]
In 1913, the was added to the Constitution, explicitly permitting Congress to levy an income tax. [Hint]
The consists of all of the money borrowed over the years that is still outstanding. [Hint]
Perceived perils of gigantic deficits have led to calls for a be added to the Constitution. [Hint]
are defined as "revenue losses attributable to provisions of the federal tax laws which allow a special exemption, exclusion, or deduction." [Hint]
means that the best predictor of this year's budget is last year's budget plus a little bit more. [Hint]
result from policies that make some group automatically eligible for some benefit. [Hint]
Policies that obligate Congress to pay X level of benefits to Y number of recipients are called . [Hint]
In April of each year, both houses of Congress are expected to agree on a , which binds Congress to a total expenditure level. [Hint]
An is an act of Congress that establishes a discretionary government program or an entitlement, or that continues or changes such programs. [Hint]