Based on $$Your Tax Dollars At Work$$

$1.$ T F Our government pays for its spending through taxes and

borrowing.

$2.$ T F The single largest budget item in the US is defense

spending.

$3.$ T F Social Security supports more than $50$ million people.

Based on $$Taxation Nation$$

$4.$ T F The Sixteenth Amendment to tax personal income was

drafted in $1919.$

$5.$ T F The US tax code has gotten easier to follow over time with

the number of pages in the tax code dramatically

decreasing.

Based on the Amazing Animated Film on the Debt and Deficit

$6.$ T F The US government was formed in $1789.$

$7.$ T F In its first year, the US government ran a deficit.

$8.$ T F Every year between $1790$ and $2014$ the US government

carried debt.

$9.$ T F The debt is the borrowing a government needs to do for

one specific year.

$10.$ T F A better way to measure$/$understand the US deficit and

debt is to consider their size relative to GDP$,$ not just in

their size in dollars.