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Motivation on Federal Budget

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Presentation on theme: "Motivation on Federal Budget"— Presentation transcript:

1 Motivation on Federal Budget
“Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.” William Cobbett

2 Motivation What are different types of taxes?

3 Federal Spending / Appropriations
What are areas that the government spends money? What is the difference between entitlement programs and discretionary?

4 Entitlement Programs like social security, veteran pensions, civil servants pensions, and Medicare. Very popular among the beneficiaries. Makes up the largest portion of the federal budget.

5 Budget Deficit vs. Budget Surplus
Revenue and Spending Read about the Gramm-Rudman- Hollings Act of 1985 and 1987. What was the goal? Why did it fail? In the last few years, why is the concept gaining support?

6 Social Security Structure Problems Solutions

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