Thursday, February 27, 2014

week

Another week has gone by and again we learned some new things. We learned about mostly the government.  Taxes are mandatory payments to the government. We learned about different spending's. We learned about mandatory and discretionary spending. Mandatory spending's are required by the law and they have entitlement programs such as medicare and medicaid. Discretionary associates with education and the justice administration. The largest discretionary spending is the national defense. Congress and the president work together to establish the federal budget which lasts from the first day of October till September the 30th.

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