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Federal Budget

June 5th, 2009

Our federal budget is based on the money we need to the money for the we can export. Some words to remember are:

Fiscal Year- a year for money October 1- September 30

Uncontrollables- Expendisures required by the laws. b y previous budgets.

Entitlement- Benefits given by congress for the law of every individule.

Incrementalism- When the total budget from 1 year to the next does not change that much.

United States Government: Democracy in Action. Pages 560-564.

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