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Terminology. v. t. e. The United States budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs.
Transfer payments to (persons + business) in the United States. The United States federal budget is divided into three categories: mandatory spending, discretionary spending, and interest on debt. Also known as entitlement spending, in US fiscal policy, mandatory spending is government spending on certain programs that are required by law. [1]
6 Strategies Anyone Can Use to Pay Off Debt I'm a Debt Expert: Here's How Social Media Warps Our Perceptions of Debt This article originally appeared on GOBankingRates.com : 9 Things Frugal People ...