Virtual Penny Poll
What you doExplore how you might choose to allocate the United States' federal
discretionary budget. To start the game you have 100 pennies in your bank. Into each of
the tin BackgroundThe total federal budget for Fiscal Year 2012 is $3.8 trillion. About two-thirds of that goes to “mandatory” programs that are automatically budgeted such as Social Security and Medicare. The remaining third is “discretionary” spending – spending which Congress decides each year. This is the budget you are determining with your penny votes. Finally, a note about the federal deficit. Most years the U.S. government spends more than it takes in, creating a federal deficit. The wars in Iraq and Afghanistan, tax cuts, and a combination of reduced tax revenue and stimulus spending during the recession have greatly increased the deficit. Most attempts to cut the deficit have focused on non-military spending, rather than addressing military spending, mandatory programs such as Social Security or tax revenues. How the 2012 US budget allocates funds100 Pennies remaining in My Penny budget |
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