Administration Entails &
Direct Effects on Citizens
| Study Guide & Exam
Review
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, What does the government need in order for it to run Resources = Money
smoothly? And what is an Exeption to this? Rare = Government spends money it didn't collect
What is Deficit spending? Government spends more money than it collects.
Ex. Government collects $4T but spends $5T.
How does the government get its money? And where in TAXATION!!! - Article 1, Section 8 gives congress the enumerated power to tax
the constitution does it say?
What is taxing used to support? The three branches: Legislative, Judicial and mostly the EXECUTIVE BRANCH
AND ITS MANY FUNCTIONS
What is the government? A sovereign entity
Define sovereignty Supreme authority of a government to govern itself and its territory.
What is the difference between the way that companies - Companies sell a product or a service to make money
and the government make money?
- Government taxes its citizens and is collected to pay for its citizens daily
needs
Where does the Government get most of its money?
I Pay Cash Often
1. Individual Income Taxes
2. Payroll Taxes
3. Corporate Income Taxes
4. Other - customs duties, excise fees
From - Congressional Budget office
What is the Congressional Budget office? CBO = Congress’s Budget Calculator.
What are the 3 types of government spending? Mandatory, Discretionary, Net interest