How much control the federal government has over its outlays

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Question: What is the difference between transfer payments and government purchases? Provide some examples of each.

(A) Briefly discuss the trends in United States federal government expenditures from the mid 1960's to the present.

(B) Discuss how much control the federal government has over its outlays.

(C) Discuss the current projections of federal government spending into the next several years. In your discussion, explicitly say if current federal spending trends are unstainable and why you believe this to be the case. Discuss how accurate federal projections are likely to be considering the unknowns of the further.

You should use budget information from the Congressional Budget Office (CBO).

Reference no: EM132196698

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