| A | B |
|---|
| Balanced budget | public policy that advocates that the federal budget spend as much money as it receives |
| Congressional Budget Office | set up by the Congress, this office evaluates the cost of legislative proposals. |
| Continuing resolution | emergency spending legislation that prevents the shutdown of any department simply because its budget has not been enacted. |
| Deficit spending | the government's meeting budgetary expenses by borrowing more money than it can pay back. |
| Direct tax | money paid directly to the government in the form of income taxes. |
| Indirect tax | money paid to the government as a result of purchased goods. |
| Office of Management and Budget (OMB) | its director is responsible for the preparation of the massive federal budget |
| entitlement | A right to benefits that ought to be provided by government or, to opponents of the growth of federal spending, a euphemism for “welfare.” |
