Exam 11: Federal Spending

Suppose there was a debate regarding how to spend $1 billion in newly found revenues in the budget. Suppose the most liberal Democrat suggests an increase to Food Stamp (SNAP)allotments. Suppose the most conservative Republican suggests an increase in defense spending. Each is arguing that their plan will get the most good for the money. What is going on here?

Suppose there was a debate regarding student financial aid budgets and the Democrat was arguing for a budget increase from $40 billion to $50 billion and the Republican was arguing for the budget to increase to only $41 billion. Further suppose college costs were project to rise 10% even with the same number of students. The Democrat accuses the Republican of proposing a cut to education, the Republican insists his plan increases education spending. What is going on here?

The increases in defense and federal law enforcement after the September 11, 2001 terrorist attacks was

Suppose Congress and the President are negotiating over whether to increase spending on defense or higher education, economists would suggest that they set the amount of spending

Between 1955 and 2006, Federal Spending as a percentage of GDP ranged between

Mandatory spending makes up

Federal spending as a percentage of GDP is currently expected to

Using current services budgeting

Logrolling occurs when

Using baseline budgeting,

The federal spending appropriation for Agriculture in Fiscal Year 2016 was

Suppose there was a debate regarding how to spend $1 billion in newly found revenues in the budget. Suppose the centrist Democrat suggests an increase to infrastructure spending. Suppose the centrist Republican suggests an increase in cyber-defense spending. The Democrat says that, on average, infrastructure spending does the most good so more is better. The Republican is arguing that the extra cyber-security purchased by the extra spending will increase well-being the most. What is going on here?

Prior to 2009, Federal Spending as a percentage of GDP had peaked in

Suppose there was a debate regarding military budgets and the Democrat was arguing for a budget increase from $400 billion to $405 billion and the Republican was arguing for the budget to increase to $425 billion. Further suppose military salaries and procurement of the same weapons systems are project to rise 2%. The Republican accuses the Democrat of proposing a cut to the military, the Democrat insists his plan increases military spending. What is going on here?

When Congressional decision makers chose not to raise taxes to fight the war on terrorism they

As the federal budget deficit increases,

Which of the following is part of non-defense discretionary spending?

The largest single item in the Federal Budget is

The trends in the share of mandatory and discretionary spending suggest that the percentage attributable to

The enormous budget deficits of 2009 through 2011 meant that the federal government was borrowing upwards of $1.5 trillion per year. If that borrowing had limited the ability of the private sector to get financial capital for its purposes economists would call this