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Unformatted text preview: T or F Treasury bills are, in effect, IOUspromissory notes in which the government agrees to repay a certain sum, plus interest, on a certain date. ________________________________________________ Currently, what is the Federal debt? ____________________ In the fiscal year 2009, how much will the Federal Government spend? _______________________________________ What is the largest entitlement program today? ___________________________________________ What is the real name for Social Security? T or F Interest on public debt is the fourth-largest category of federal spending. ______________________ ______________________ Name the two types of Federal spending. Heaton ___________________________________ What percent of Federal spending is uncontrollable? _______________________ How many major appropriation bills does Congress pass each year? ____________________________________ When does the fiscal year for the government start?...
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- Spring '12