An amendment to the Texas Constitution requires a balanced budget. This means that _____.   A. any increase in government spending must be offset by a decrease in the total funds allocated to the General Revenue budget   B. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 30 percent   C. the legislature cannot approve a budget if it exceeds the projected revenues for the state by more than 10 percent   D. any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget

The federal government recently provided tax payers’ money to major corporations that filed for bankruptcy protection from their creditors. Some have paid the funds back, and others have not. Please provide your opinions, both for and against this federal action, as related to the following questions:Does the U. S. Constitution or any of its 27 Amendments allow the use of the federal budget to help private business?Does the executive branch of the federal government have Constitutional support to buy shares of a private company using the federal budget?Does the executive branch of the federal government now have authority to help private businesses who declare bankruptcy using the federal budget?

Please answer the following question: 1. What is the largest component of the federal budget?A) EntitlementsC) DetenseBi Net interest

Explain the relationship between changes in the economic structure of direct tax revenues!

4. What have been the various approaches advocated to reform budgeting processes at the state and local levels? 5. What are the five key areas of future state and local budget needs? Which one do you think is the most critical and why? Explain.