Power of the Purse
Definition
The power of the purse is a legislative power given to Congress by the U.S. Constitution to control public spending. It's one of the checks and balances built into our government system.
Analogy
Think of it like your parents controlling your allowance. They decide how much money you get, when you get it, and sometimes what you can spend it on. Just like your parents, Congress has control over the country's "allowance" or budget.
Related terms
Appropriations Bill: This is a proposed law that authorizes the expenditure of government funds. It's like your parents deciding to increase your allowance for doing extra chores.
Taxation: This is how governments raise revenue to fund their operations and initiatives - similar to how your parents might take a portion of their income to fund household expenses.
Fiscal Policy: This refers to government policy related to taxes, spending, and borrowing - akin to how your family might have a plan for saving money, paying bills, and dealing with debt.
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