I'm doing a project in my economics class and as I was looking at federal spending, I didn't know what all the categories meant.
The categories are: Defense, Social Security, Interest, Income Security, Medicare, Health (Medical), Education, Veterans Benefits, and Other.
Could someone please tell me what the Interest and Income Security categories stand for?
2007-05-03 07:35:01 · 3 answers · asked by Chelsea G 2 in Social Science ➔ Economics
Interest is usury on debt. They have to pay money to people who give them loans by purchasing bonds.
Income Security is explained in the source.
2007-05-03 08:17:06 · answer #1 · answered by A Guy 7 · 0⤊ 1⤋
interest refers to keeping the interest rates high or low depending on whether or not you want the money supply to adjust. income securities refers to inflation and buying power
2007-05-03 19:45:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Interest is the interest the government pays on bonds and other debts.
2007-05-03 15:01:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋