ECONOMICS

1. federal spending authorized by law that continues without the need for annual approvals of Congress.
4. higher than normal interest rates and diminished access to financial capital faced by private investors when government increases its borrowing in financial markets.
5. profits from the sale of an asset held for twelve months or longer.
7. relatively high tax designed to raise revenue while reducing consumption of a socially undesirable product.
8. final burden of the tax.
9. joint federal-state medical insurance program for low-income people.
10. line item budget expenditure that circumvents normal budget building process and benefits a small number of people.

1. federal healthcare program for senior citizens, regardless of income.
2. exception or oversight in the tax law allowing a taxpayer to avoid taxes.
3. a law that required automatic budget cuts.
6. program or benefit using established eligibility requirements to provide health, nutritional, or income supplements to individuals.