Citizen S Guide To The Federal Budget

Provides a basic sense of what the budget is, how the Government raises and spends money, why it has generated budget deficits over the years, and why you should care about the deficit. Also provides an explanation of the President's budget policies to date, and what he plans for the future.

This report makes the federal budget more accessible & understandable; it is designed to give you a walking tour of the budget. It outlines how the Government raises revenues & spends money, how the President & Congress enact the budget, why the budget deficit & Federal debt are problems, & what the President hopes to accomplish with his 1997 budget. Chapters: what is the budget? how does the government create a budget? deficits & the debt; & the President's 1997 budget. Glossary. Charts & tables.