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Why did the Soviet Union experienced an economic slow down during the later years of the Cold War?
high levels of defense spending at the expense of domestic growth.
Two aspects of military spending that presidents have little ability to control are what?
pensions and new weapons
What are the negative influence of industrial action on the standard of living of workers?
the negative influence of industrial action on the standard of living of workers is that it will decrease there spending power causing them to consume less resulting in a decline in there standard of living
What led to collapse of detente with the Soviet Union?
The collapse of detente is frequently attributed to the Soviet invasion of Afghanistan and the Western boycott of the 1980 Summer Olympics in Moscow. American presidents Jimmy Carter and Ronald Reagan significantly increased defense spending, culminating in the abandonment of SALT II negotiations.
What was Ronald Reagan Domestic policy?
President Reagan promised to cut spending and cut taxes, while increasing the defense budget and balancing the budget. This was known as "Reagonomics." However the national debt began to rise when defense spending outweighed cuts in social programs.
Which of the following is an example of mandatory spending?
Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending
What are the differences between entitlements mandatory spending and discretionary spending?
Mandatory spending is required by law and the other is not.
Most federal mandatory spending is spent on?
Most federal mandatory spending is spent on entitlements.
How does discretionary spending differ form mandatory spending?
mandatory spending refers to money that lawmakers are required by existing laws to spend on certain programs and discretionary spending is spending about which government planners can make choices
How is mandatory and discretionary spending similar?
Mandatory spending - Spending that the Government must spend. Discretionary spending - Spending category through which governments can spend through an appropriations act.
What is an example of mandatory spending?
Social Security
What percent of federal spending was mandatory in 2010?
55%
What is the fastest growing category of federal expenditures since 1980?
Federal spending by the government, is divided into three different categories. They are mandatory spending, discretionary spending and net interest. The fastest growing of those categories since 1980 is mandatory spending.
What is mandatory spending?
refers to spending set by annual appropriation levels made by decision of Congress.
What presidents had the highest deficit spending?
Reagan
Does mandatory spending consume the largest chunk of the federal budget?
yes
What term refers to money already committed to spending because of previous legislation?
Uncontrollables
