a. Balanced budget: a budget where revenue is equal to spending; there is no deficit.
b. Federal entitlements: guaranteed benefits based on established rights.
c. An entitlement is Social Security. Since money is given to those in old-age and the amount of people in need has increased, more money is needed for the program
d. Large budget deficits result in the U.S. becoming more indebted to other countries.
e. The projected revenue for 2012 was 2.627 trillion and the projected expenditure for 2012 was 3.729 trillion. the deficit was 1.327 trillion. Source: http://www.usgovernmentrevenue.com/fed_revenue_2012US
f. National debt: 17 trillion. Source: http://www.concordcoalition.org/issues/indicators/us-total-national-debt
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