Question

Discretionary Spending! What is it? Who controls it? Is it something that attributes to raising or...

Discretionary Spending! What is it? Who controls it? Is it something that attributes to raising or lowering the budget?

What was the purpose of the Budget Enforcement Act of 1990?

Homework Answers

Answer #1

Discretionary spending refers to government spending which is set aside for the optional spending of the Congress. This raises the budget because in each budget process, the congress sets aside an amount for spending at its own discretion. This includes programs such as education, NASA and defence.

The Budget Enforcement Act of 1990 was set up to set maximum limits for discretionary spending. It was also set up to create Pay as you go rules for taxes and other programs and aimed at raising tax collections.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is non-discretionary spending? Define and give examples.
What is non-discretionary spending? Define and give examples.
what effects does discretionary spending policy have on the aggregate economy?
what effects does discretionary spending policy have on the aggregate economy?
1. Government spending required by laws other than appropriation acts is also known as what? a....
1. Government spending required by laws other than appropriation acts is also known as what? a. Discretionary spending b. Budget spending c. Deficit spending d. Mandatory spending 2. What is the difference between discretionary and mandatory spending? a. Discretionary spending is determined by the president, and mandatory spending is determined by Congress. b. Discretionary spending cannot be changed without changing the law but mandatory spending can. c. Discretionary spending is determined by appropriation acts, and mandatory spending is determined by...
1. How would you develop a system of internal controls for your organization? 2. What specific...
1. How would you develop a system of internal controls for your organization? 2. What specific policies would you put in place? What areas of the organization would be covered? 3. How would you install a process of review and enforcement? who would be involved? 4. What would you use as a reporting approach to senior leadership and the board of Directors?
1.If the MPC is equal to 0.9 and investment spending increases by $50 billion what is...
1.If the MPC is equal to 0.9 and investment spending increases by $50 billion what is the result a.GDP increases $450M GDP increases $ 50M GDP increases $500M GDP decreases $450M 2.Rising inventories usually indicate: A.an economy that grows unexpectedly. B.an economy that slows unexpectedly C.an unexpected spurt in sales. D.an inflationary cycle. 3.Lowering taxes and increasing spending will likely A.Increase Deficits and the National Debt B.Decrease Deficits and the National Debt C.Have no impact on Deficits or the National...
13. Explain Healthy People 2020. 14. What is ‘WHO’, its purpose and mission? 15. What is...
13. Explain Healthy People 2020. 14. What is ‘WHO’, its purpose and mission? 15. What is NIH? List three (3) units of NIH that are important to you and the reason for the importance. 16. List the ten (10) core functions of public health. 17. What is the annual spending on health care in the U.S.A.? 18. What are ‘notifiable diseases’? List four (4)such diseases. 19. What are the 5 major causes of mortality in the U.S.A.? 20. Why is...
1) Open market purchase will result in: increase in bank reserves and a decrease in the...
1) Open market purchase will result in: increase in bank reserves and a decrease in the federal funds rate. increase in bank reserves and an increase in the federal funds rate. decrease in bank reserves and a decrease in the federal funds rate. decrease in bank reserves and an increase in the federal funds rate. 2) An increase in government expenditure would shift the: A) aggregate demand curve rightward. aggregate demand curve leftward. aggregate supply curve rightward. aggregate supply curve...
The United States federal government is responsible for meeting the spending obligations of the US government,...
The United States federal government is responsible for meeting the spending obligations of the US government, or its "unpaid bills." Krugman & Wells (2015), explained if taxes are insufficient to cover government spending then the federal government must borrow to cover the difference. These government borrowing are US Treasuries (Chapter 10, Matching Up Savings and Investment Spending). Reuters (2018, February 18) reported, “…tax reform is expected to add as much as $1.5 trillion to the federal debt load, while the...
1. The Federal Reserve Act says that the Fed must try to achieve​ ______. A. a...
1. The Federal Reserve Act says that the Fed must try to achieve​ ______. A. a balanced budget B. maximum​ employment, stable​ prices, and moderate​ long-term interest rates C. a stable U.S. dollar on foreign exchange markets and moderate​ long-term and​ short-term interest rates D. an economic environment in which investment in U.S. stock and money markets is encouraged The Federal Reserve Act says that the Fed must use​ ______ to achieve its objectives. A. bank reserves B. commercial banks...
Please review the following below and provide , one-page reaction to this budget proposal. 1. Budget...
Please review the following below and provide , one-page reaction to this budget proposal. 1. Budget The President’s Budget and Health Care While the president’s budget is not likely to be acted upon by Congress, it does signal what the administration’s priorities are—as well as what policy initiatives they might push. Repeal the Affordable Care Act: The administration’s budget includes a plan that is based upon the plan put forward by Sens. Lindsey Graham (R-SC) and Bill Cassidy (R-LA) last...