Provide detail about the trends in federal spending over the last four decades.
What will be an ideal response?
The main trend in federal spending over the last four decades has been the growing dominance of a few categories within the budget. Defense spending, which declined from 48 percent in 1963 to 19 percent in 2009, and entitlement spending, which grew from 32 percent in 1963 to 65 percent in 2009, are the two largest categories of federal spending. These categories and interest on the national debt account for 89 percent of all federal spending. As a result, a large part of the federal budget goes to writing checks for entitlement programs and interest on the debt. Only a small share of federal employees manage these government programs.
You might also like to view...
In most cases, stable democracies have a per capita GDP of $10,000 per year. Where does India fit with this relationship?
a. India has a GDP above $10,000 and is a stable democracy. b. India has a GDP under $10,000 and is a stable democracy. c. India has a GDP above $10,000 and is not a stable democracy. d. India has a GDP under $10,000 and is not a stable democracy.
Representative democracy is often referred to as ________
A) a monarchy B) capitalism C) federalism D) a republican form of government E) direct democracy
Institutions that favor a small group at the expense of the rest of society are referred to as ______.
A. inclusive institutions B. extractive institutions C. exploitative institutions D. authoritarian institutions
Formal control of the nation's economy rests in the hands of the Congress and the President
Indicate whether the statement is true or false