The Congress, The President, and The Budget

Question 1

What was the biggest expenditure during the Reagan Era?

Accepted Answer

National Security

Question 2

Which institution is responsible for the compiling of the president's budget proposal?

Accepted Answer

Office of Management and Budget

Question 3

What is a budget resolution?

Accepted Answer

bottom line for all federal spending on programs

Question 4

Between 1974 and 1988 every budget was a deficit budget.

Accepted Answer

True

Question 5

Which is an uncontrollable expenditure?

Accepted Answer

Entitlement Programs

Question 6

The federal government borrows money from citizens through what source?

Accepted Answer

bonds

Question 7

The Internal Revenue Service collects income taxes.

Accepted Answer

True

Question 8

What is one factor that contributed most to the expansion of government and the budget deficit?

Accepted Answer

Defense Spending

Question 9

The current income tax system in use is not progressive, meaning everyone pays the same tax %.

Accepted Answer

False

Question 10

What amendment officially authorized Congress to collect income taxes?

Accepted Answer

16

Questions 10