Only about one-fourth of the federal budget involves expenditure categories determined by existing obligations and laws.

Name: Only about one-fourth of the federal budget involves expenditure categories determined by existing obligations and laws.
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Question

Quizplus · Accepted Answer

The majority of the federal budget is actually determined by existing obligations and laws, including mandatory spending such as Social Security, Medicare, and Medicaid, which together account for more than half of the federal budget.

Only About One-Fourth of the Federal Budget Involves Expenditure Categories