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Unformatted text preview: cal yearhe practice of using mandatory spending cuts in the federal
budget if the cost of running the government exceeds either an arbitrary amount or the the gross revenue it brings . pork barrel spendingis the appropriation of government spending for localized projects secured
solely or primarily to bring money to a representative's district.
Lineitem vetois the power of an executive authority to nullify or cancel specific provisions of a
Balanced Budget Amendment a Constitutional Amendment that will require the federal
government to balance its budget
Fiscal Cliffthe simultaneous expiry of tax breaks and the introduction of tax increases and
fiscal policyGovernment policy that attempts to manage the economy by controlling taxing and spending.
monetary policyprocess by which the monetary authority of a country controls the supply of
Keynesian economicsEconomic theory based on the principles of John Maynard Keynes stating that government spending should increase during bu...
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This note was uploaded on 02/13/2014 for the course HISTORY AP Governm taught by Professor Richardhoppock during the Fall '12 term at Hayfield Secondary.
- Fall '12