If government decides, it can reduce defense spending and even spending on education to a penny, but

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If government decides, it can reduce defense spending and even spending on education to a penny, but it can't do that with Social Security. Why not? (Hint: Distinguish between a trust fund and discretionary government spending.)

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

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Question Posted: Apr 21, 2015 09:48 AM

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If government decides, it can reduce defense spending and even spending on education to a penny, but

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The critical difference is that defense spending and education are financed through general ...View the full answer

Principles of Economics

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