3. The Budget Timeline: How does the federal budget process work? President’s Budget Request Congressional Budget Resolution Appropriations Debt Ceiling Other Budget Bills (deficit reduction, entitlement programs, taxes, balanced budget amendment)
4. Budget Basics: Where do our federal tax dollars go? Programs for low-income families are a fraction of government spending. They have played virtually no role in creating our deficits. 1/3 of non-security discretionary spending goes to state and local governments.
7. Myth:Our current deficits are so out of control that we must address them immediately with painful spending cuts.
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9. Budget Myths and Realities: Myth: Government spending is out of control. Reality: The real threat is the long-term structural imbalance between spending and revenues. Rising health care costs Aging population Insufficient revenues Center on Budget and Policy Priorities
10. Reducing Deficits and Poverty:We Don’t Need to Choose We need to address deficits. Ending poverty and hunger requires government action. Anti-poverty programs have had a powerful impact.
11. Cap on Overall Federal Spending Limits all federal spending (share of the economy) Keeps programs from growing Entitlement programs structured to grow when there’s more need