Editing Fiscal Policy and Government Debt (section)

== <span style="color: #FFFFFF;">Remembering</span> ==
* '''Fiscal Policy''' — The use of government spending and taxation to influence the economy.
* '''Budget Surplus''' — When the government collects more in taxes than it spends in a year.
* '''Budget Deficit''' — When the government spends more than it collects in taxes in a year.
* '''National Debt''' — The total accumulation of all past deficits (the total amount the government owes).
* '''Progressive Tax''' — A tax where the wealthy pay a higher percentage of their income (e.g., Income Tax).
* '''Regressive Tax''' — A tax that hits the poor harder as a percentage of their income (e.g., Sales Tax).
* '''Stimulus''' — Increasing government spending or cutting taxes to fight a recession.
* '''Austerity''' — Cutting government spending and raising taxes to reduce debt (often controversial).
* '''Transfer Payments''' — Money given by the government to individuals without any service in return (e.g., Social Security, Welfare).
* '''Crowding Out''' — The theory that high government borrowing makes it harder for private businesses to borrow money.
</div>

<div style="background-color: #006400; color: #FFFFFF; padding: 20px; border-radius: 8px; margin-bottom: 15px;">