Federal Government Spending

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Presentation transcript:

Federal Government Spending Unit 14.3

Federal Expenditures Mandatory Spending Discretionary Spending Entitlements Social Security Medicare Medicaid Other Social Welfare (Food Stamps) Discretionary Spending Military Budget Roads/transportation Parks Education Research Foreign Affairs and Aid

Federal Budget and Spending Fiscal Year Appropriations OMB (Office of Management and Budget) CBO (Congressional Budget Office) Direct Spending Transfer Payments No goods or services exchanged (Social Security)

Impacts of Federal Spending Resource Allocation Income Redistribution Competition with the Private Sector Veterans Hospital Public Transportation Cable Services?