The Phrase "Starving the Beast" Is Used to Describe

question 73

Multiple Choice

The phrase "starving the beast" is used to describe

• A)the Republican Party's strategy of reducing taxes and increasing deficits in order to win support for federal spending cuts.
• B)the Democratic Party's strategy of raising taxes on wealthy individuals in order to pay for social programs that benefit those at the lower end of the income distribution.
• C)Congress's strategy of slowly reducing budget appropriations for unpopular programs over the course of many years rather than ending them immediately.
• D)the federal government's strategy of taking power away from state governments by imposing an increasingly large number of regulations on their behavior.

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Definitions:

Investment

The allocation of resources, usually financial, in expectation of a future return, which may include interest earnings, dividends, or appreciation in value.

Property

Legally owned items, including real estate and personal belongings, over which the owner has exclusive rights.

Present Value

The current estimation of future financial gains or cash flows, discounted by a particular return rate.

Medical Expenses

Costs incurred for the diagnosis, cure, mitigation, treatment, or prevention of disease, or for the purpose of affecting any structure or function of the body.