Asked by M

Please check my answers

2. What does congressional power of the purse refer to?
A. Congress taxes all individuals who earn money in the US
B. Congress taxes all corporations who make a profit in the US
C. Congress finances the federal government and all its programs
D. Congress supplies money to state and local governments to fund their programs

My answer is a

3. Without significant intervention from Congress what will likely happen to the public debt in the next five years ?
A. It will rise to an all-time high
B. It will decline to an all time low
C. It will stabilize
D. It will continue to fluctuate wildly

My answer is d
Answered by Ms. Sue
2. a - no
3. d - no
Answered by M
Is 2. a and 3. c?
Sorry I'm really struggling with these questions
Answered by Anonymous
For Q3, it might help to look up a graph for public debt over the years.
Answered by Ms. Sue
Let's think about 2. Congress taxes both individuals and corporations. So -- does Congress finance the federal government or state and local governments?

I don't think 3 is C. Like individuals, Congress likes to spend money. Unless it cuts back spending and raise taxes (highly unpopular among a lot of people), the debt will probably rise considerably.
Answered by M
Thank you both so much for your help! I understand it much better now.
Answered by Ms. Sue
You're welcome.
Answered by Sharon
3 was wrong
Answered by Ana Bear < 3'
1 (D,E,F) Food stamps,medicare,social security
2.(C) congress finances the federal government and all its programs
3.(A) It will rise to an all-time high
100% All correct
Answered by curtis
Ana Bear <3' is 100% correct^^^^^
1. D E F
2. C
3. A
Answered by Extrapeppermint
Ana bear is correct! 100%
Answered by Parrot
Thank you!
Answered by anon
100
Answered by Elijah
Ana Bear is still correct!
Answered by ryder
STILL CORRECT!!! 100%%
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