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At the federal level, the two categories of budgetary expenditures are entitlement and discretionary spending.
Block grants and unfunded mandates are two government budgetary practices that can have significant implications for lower levels of government.
Federal and state governments have tried to change budget rules to control government spending. Budget rules have also been used to impose fiscal discipline.
Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.
One indicator of sensible fiscal practices is maintaining balance between spending and revenues. Occasional deficits may be necessary.
In 2020, Americans owed $1.5 trillion in outstanding student loan debt, second only to mortgage debt.
Homeownership is crucial step to building wealth. Home equity is Americans’ largest asset.
The housing finance system is essential to creating a robust and competitive consumer mortgage market.
A reverse mortgage is a loan secured by the value of a home. It does not require payments as long as the borrower lives in the home.