Tag: budget deficit

Bailouts Explained – Clarke and Dawe: European Debt Crisis

Bailouts Explained – Clarke and Dawe: European Debt Crisis

Clarke and Dawe – European Debt Crisis     Also see Federal Debt; Budget Deficit / Budget Surplus; Date Shifting / Fiscal Transparency / Fiscal Illusion; Public Debt / Debt Ceiling; “We Don’t Want Your Clunkers“.     Courses Congressional Operations Briefing – Capitol Hill Workshop Drafting Federal Legislation and Amendments Writing for Government and […]

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

Baseline / Baseline Budgeting / Scorekeeping (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Baseline / Baseline Budgeting / Scorekeeping   Dan Mitchell Discussing Dishonest Budget Numbers with John Stossel   Baseline: Projection of future revenues, budget authority, outlays, and other budget amounts under assumed economic conditions and participation rates without a change in current policy. The Congressional Budget […]

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

Budget Deficit / Budget Surplus (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Budget Deficit / Budget Surplus   Lesson 1 National Debt & Budget Deficit Explained   The relationship between spending and revenues is reflected in the surplus or deficit figure. A surplus is an excess of revenues over outlays, while a deficit is an excess of […]

Permanent Appropriations (CongressionalGlossary.com)

Permanent Appropriations (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Permanent Appropriations Permanent Appropriations: Budget authority that becomes available as the result of previously enacted legislation (substantive legislation or prior appropriations act) and does not require current action by Congress. Budget authority is considered to be “current” if provided in the current session of Congress […]

Means of Financing (CongressionalGlossary.com)

Means of Financing (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Means of Financing photo credit: photosteve101 Ways in which a budget deficit is financed or a budget surplus is used. A budget deficit may be financed by the Department of the Treasury (Treasury) (or agency) borrowing, by reducing Treasury cash balances, by the sale of […]

Statutory Limit on the Public Debt / Budget Control Act of 2011 (CongressionalGlossary.com)

Statutory Limit on the Public Debt / Budget Control Act of 2011 (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Statutory Limit on the Public Debt / Budget Control Act of 2011 The maximum amount, established in law, of public debt that can be outstanding. The debt limit covers virtually all debt incurred by the Federal Government (primarily the Treasury Department), including borrowing from trust […]

Date Shifting / Fiscal Transparency / Fiscal Illusion (Congressional Glossary)

Date Shifting / Fiscal Transparency / Fiscal Illusion (Congressional Glossary)

From the Congressional Glossary – Including Legislative and Budget Terms Date Shifting / Fiscal Transparency / Fiscal Illusion One of the budgetary maneuvers used by Congress. Congress can shift scheduled payments for contracts, or even for federal employee salaries, by a few days in order to move expenditures from one fiscal year to another. For […]

Supplemental Appropriation / Supplemental Appropriations Act (CongressionalGlossary.com)

Supplemental Appropriation / Supplemental Appropriations Act (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Supplemental Appropriation / Supplemental Appropriations Act Budget authority provided in an appropriations act in addition to regular or continuing appropriations already provided. Supplemental appropriations generally are made to cover emergencies, such as disaster relief, or other needs deemed too urgent to be postponed until the […]

Public Debt / Debt Ceiling / Debt Limit (CongressionalGlossary.com)

Public Debt / Debt Ceiling / Debt Limit (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Public Debt / Debt Ceiling / Debt Limit     Debt Limit – A Guide to American Federal Debt Made Easy     Public Debt: Cumulative amounts borrowed by the Treasury Department or the Federal Financing Bank from the public or from another fund or […]

Federal Debt (CongressionalGlossary.com)

Federal Debt (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Federal Debt     The Debt Ceiling Explained: Why You Should Care     The federal debt consists of public debt, which occurs when the Treasury of the Federal Financing Bank (FFB) borrows money directly from the public or other funds or accounts, and government […]