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Where the Money Comes Fromand Where
How Does the Government Create a Budget?
The Presidents 2001 Budget
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13 annual appropriations Agency annual appropriations bills Balanced Budget billion in 2001 billions of dollars borrowing Budget and Emergency budget deficits Budget Process budget resolution Chart Corporate income taxes debt held Debt Reduction Debt subject debt the Government Deficit Control Act Deposit Account designated as off-budget Emergency Deficit Control enacted estimated Excise Taxes Federal budget Federal Government Federal spending finance fiscal discipline gift taxes Government owes Government spends Government’s Gross Domestic Product Gross Federal Debt increase interest investments Kosovo legal limit mandatory spending Means-tested entitlements Medicaid million or less Nation’s Numbers offset on-budget surplus PAYGO percent of GDP President and Congress President’s budget proposal programs receipts reduce September 30 set annual deficit Social Insurance Payroll Social Security solvency Social Security surplus solvency lock-box spending cuts subject to legal Surplus or Deficit tax cuts total revenues total spending trillion trust fund unemployment insurance