Day: May 11, 2020

Creating a Government Flashcards | Quizlet

Creating a Government Flashcards | Quizlet

 

principle that aims at keeping the government’s power small dividing power and holding government officials to the laws.
process of limiting the powers of each branch by giving each branch the power to check to balance them out.
Articles of Confederation: weaknesses
1. No power to tax.
2. No power to raise an army.
3. No national executive or national courts.
Farmers who fought in the Revolutionary War were never paid for their service because the government didn’t have the power to raise taxes to pay them. Tax collectors then asked them to pay their debts.
Shay’s Rebellion: Description
A farmer and veteran named Daniel Shays led a rebellion when several farmers were thrown in jail for not paying their taxes. They stormed a courthouse and an arsenal. Because the government couldn’t raise and army, Massachusetts had to send its own.
It revealed that
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Spending, Deficit, Debt, Revenue since 1792

 

Headline federal, state, local, and total US government spending.

  Amounts in $ trillion FY 2019 FY 2020  
Federal Spending 4.45 4.79
Intergov. Transfers -0.71 -0.78
State Spending 1.91 1.98
Local Spending 2.06 2.14
Total Spending 7.70 8.12
Spending: actual budgeted guesstimated

Total US government spending includes federal, state, and local government spending net of
intergovernmental transfers.

Intergovernmental Transfers are federal spending transferred to state and local govenments. State and local spending is guesstimated.
Latest state data: FY 2018; latest local data: FY 2017.

We have total spending data (federal+state+local) going back to 1820. Individual
state and local spending data going back to 1957.

  Spending Functions FY 2020  
Pensions inc. SoSec $1.51 trillion
Health care $1.8 trillion
Education $1.34 trillion
Defense $1 trillion
Welfare $0.46 trillion
Protection $0.31 trillion
Transportation $0.36 trillion
Gen. Government $0.21 trillion
Other Spending $0.63 trillion
Interest
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Court rules insurers can collect $12B under health care law

The Supreme Court has ruled that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama

WASHINGTON —
The Supreme Court ruled Monday that insurance companies can collect $12 billion from the federal government to cover their losses in the early years of the health care law championed by President Barack Obama.

Insurers are entitled to the money under a provision of the “Obamacare” health law that promised the companies a financial cushion for losses they might incur by selling coverage to people in the marketplaces created by the health care law, the justices said by an 8-1 vote.

The program only lasted three years, but Congress

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Federal Register :: Home – Monday, May 11th

This site displays a prototype of a “Web 2.0” version of the daily
Federal Register. It is not an official legal edition of the Federal
Register, and does not replace the official print version or the official
electronic version on GPO’s govinfo.gov.

The documents posted on this site are XML renditions of published Federal
Register documents. Each document posted on the site includes a link to the
corresponding official PDF file on govinfo.gov. This prototype edition of the
daily Federal Register on FederalRegister.gov will remain an unofficial
informational resource until the Administrative Committee of the Federal
Register (ACFR) issues a regulation granting it official legal status.
For complete information about, and access to, our official publications
and services, go to

About the Federal Register

on NARA’s archives.gov.

The OFR/GPO partnership is committed to presenting accurate and reliable
regulatory information on FederalRegister.gov with the objective of
establishing the XML-based Federal Register

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