Tag: Fiscal Transparency

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 […]

Unemployment Rate / Employment-Population Ratio  (CongressionalGlossary.com)

Unemployment Rate / Employment-Population Ratio (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Unemployment Rate / Employment-Population Ratio   Unemployment and the Unemployment Rate   As defined by the Bureau of Labor Statistics (BLS), the number of people who do not have jobs but have actively looked for work in the prior 4 weeks and are currently available […]

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 […]

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 […]

“Emergency” Spending / Emergency (CongressionalGlossary.com)

“Emergency” Spending / Emergency (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms “Emergency” Spending / Emergency photo credit: vonderauvisuals Spending with the “emergency” designation does not count against budget caps. While often used for one-time, unforeseen events, this designation has also been used to circumvent budget limits. For example, spending for the census has been designated as […]

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 […]