Federal Spending

A Riddle Wrapped up in an Enigma

By: Frederick C Hargis (Editor)

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Hardcover | 1 July 2010

At a Glance

Hardcover
168 Pages

Dimensions(cm)
24 x 16.2 x 1.6

Hardcover

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This book looks at the three broad categories of federal spending; discretionary spending, mandatory spending, and net interest. Mandatory spending includes federal government spending on entitlement programs and Food Stamps as well as other budget outlays controlled by laws other than appropriation acts. Entitlement programs such as Social Security and Medicare make up the bulk of mandatory spending. Discretionary spending is provided and controlled through appropriations acts. Mandatory spending accounts for over half of total federal spending and almost a ninth of gross domestic product (GDP). Those three programs, therefore, make up over 40% of federal spending. In the long term, projections suggest that if current policies remain unchanged, the U.S. faces a major fiscal imbalance, largely due to rising health care costs and impending Baby Boomer retirements.

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You Can Find This Book In

Non-Fiction Social Services & Welfare Social Welfare & Social Services Politics & Government Public Administration Economics Political Economy Accounting & Finance Finance Public Accounting in Finance Tax & Taxation

Preface
Interest Payments on the Federal Debt: A Primer
21st Century: Addressing Long-Term Fiscal Challenges Must Include a Re-examination of Mandatory Spending
Mandatory Spending Since 1962
Mandatory Spending: Using Budget Triggers to Constrain Growth
Trends in Discretionary Spending
Index
Table of Contents provided by Publisher. All Rights Reserved.

Federal Spending

A Riddle Wrapped up in an Enigma

At a Glance

Hardcover

Shipping

How to return your order

Defective items

You Can Find This Book In

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