Financing the Federal Government by Megan Roosa https://padlet.com/megan_roosa/7sxcjc16fnvy Lesson 8.0 en-us 2018-04-13 20:13:49 UTC 2025-12-01 22:30:31 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bagshop.png How does the government raise and allocate money? megan_roosa https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/251724484 To raise money for government programs, they uses taxes. The textbook states, “By the middle of the twentieth century, the income tax was firmly entrenched as a large source of government revenue” (Democracy 20). The government protects their money, “The federal government imposes excise taxes to raise revenue or to protect domestic business and agriculture from foreign competition” (Democracy 20). They have a budget that helps them determine how much revenue they might get and how they plan to spend the money. Usually the government spends more money than they have, thus creating a budget deficit. ]]> 2018-04-13 20:15:22 UTC https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/251724484 Explain how the federal government uses spending and tax policy to maintain economic stability and foster economic growth and how regulatory actions carry economic costs and benefits megan_roosa https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/251724728 The Federal Reserve System uses monetary tools to regulate the nations money supply and moderate the effects of expansion and contraction in the economy. Taxes also help economic growth by getting money from the people. Much of the federal government's spending is mandatory spending. The remainder of the budget is discretionary spending. Major categories of government spending include entitlements, such as Social Security and Medicare, defense, and interest on the national debt. ]]> 2018-04-13 20:16:17 UTC https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/251724728 megan_roosa https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/252207870 2018-04-16 15:44:19 UTC https://padlet.com/megan_roosa/7sxcjc16fnvy/wish/252207870