What are entitlements? Give three examples of them. Are entitlements bad? Explain. What Constitutional limit is placed on the Federal debt? How much money will the US spend this fiscal year?

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What are entitlements? Give three examples of them. Are entitlements bad? Explain. What Constitutional limit is placed on the Federal debt? How much money will the US spend this fiscal year?



Answer: ENTITLEMENT: benefits that fed. Law says must be paid to those who meet eligibility requirements.
-social security
- Medicare
- unemployment compensation
-congress must authorize all federal borrowing
- about $4 trillion

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