41. The PAYGO budget requirement means:<?xml:namespace prefix = o ns = \"urn:sch

Question

41.   The PAYGO budget requirement means:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

a.   that only programs generating revenues may be proposed for addition to the executive budget.

b.   that legislation that would increase entitlement spending must be accompanied with an increase in revenue or reduction in spending sufficient to cover the new entitlement spending.

c.   that debt refinancing must be approved by Congress.

d.   that no tax reductions are permitted.

42.   Sequestration in the federal budget process:

a.   requires a formula increase in federal revenue.

b.   was initially required by the Congressional Budget and Impoundment Control Act of 1974.

c.   provides the President an opportunity for an item veto.

d.   was introduced by the Gramm

Explanation / Answer

41.b.that legislation that would increase entitlement spending must be accompanied with an increase in revenue or reduction in spending sufficient to cover the new entitlement spending.

42.b.was initially required by the Congressional Budget and Impoundment Control Act of 1974.

43.c.target base budgeting.

44.a.In the annual appropriation process, members of the state legislature typically earmarkparticular locations in which spending will occur, thereby preventing administrative discretion in how appropriated funds get used.

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