Debt - In the case of the federal Disposable Personal Income - Personal government, the total value of outstanding income—the income that people receive, bills, notes, bonds, and other debt including transfer payments—minus the instruments issued by the Treasury and taxes and fees that people pay to other federal agencies. That debt is referred governments. to as federal debt or gross debt. It has two . ; components - debt held by the public ( Economic Stimulus - Federal fiscal or federal debt held by nonfederal investors, monetary policies aimed at promoting including the Federal Reserve System) and economic activity, used primarily during debt held by government accounts (federal recessions. Such policies include reductions debt held by federal government trust funds, in taxes, increases in federal spending, deposit insurance funds, and other federal reductions in interest rates, and other _ accounts). Debt subject to limit is federal support for financial markets and institutions. debt that is subject to a statutory limit on the Entitlement - A legal obligation of the total anes re te eal to f federal government to make payments to a athe debt issued nthe Treasury, eho, person, group of people, business, unit of yt Hane ie government, or similar entity that meets the small amount of debt issued by other federal eligibility criteria set in law and for which the agencies (primarily the Tennessee Valley budget authority is not provided in advance Authority and the Postal Service). in an appropriation act. Spending for Deductible (Medical Insurance) - A fixed entitlement programs is controlled through _ amount, usually expressed in dollars in the those programs’ eligibility criteria and benefit form of an annual fee, that the beneficiary of or payment rules. The best-known a health insurance plan must pay directly to entitlements are the government's major the health care provider before a health benefit programs, such as Social Security insurance plan begins to pay