What is the federal budget?

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The federal budget, and the budgetary process, is a social contract between a people and its government. Despite its complexity, it is a document that shows our societal preferences (for example, guns versus butter) and demonstrates that we do not live in a consensus political economy—interest group and class politics are alive and well.

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Similar questions: What document demonstrates our societal preferences in the United States? What document shows we live in a consensus political economy? Who enters into a contract with the federal budget? [ Hide these questions ]

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