Funds
flow
____________________
the
government
in
the
form
of
taxes
and
government
borrowing
.
Funds
flow
____________________
of
the
government
in
the
form
of
government
purchases
of
goods
and
services
and
government
transfers
to
households
.
In
the
United
States
,
taxes
are
collected
at
the
____________________
level
,
the
state
level
,
and
the
local
level
.
At
the
federal
level
,
the
main
taxes
are
income
taxes
on
both
____________________
income
and
____________________
profits
as
well
as
social
insurance
taxes
.
U
.
S
.
government
spending
takes
the
form
of
____________________
of
goods
and
services
and
____________________
.
Most
U
.
S
.
government
spending
on
transfer
payments
is
accounted
for
by
three
big
programs
:
____________________
____________________
,
____________________
,
and
Medicaid
.
Social
Security
provides
guaranteed
income
to
____________________
Americans
,
disabled
Americans
,
and
the
surviving
spouses
and
dependent
children
of
deceased
beneficiaries
.
Medicare
covers
much
of
the
cost
of
health
care
for
Americans
over
age
____________________
.
Medicaid
covers
much
of
the
cost
of
health
care
for
Americans
with
____________________
incomes
.
The
term
social
insurance
is
used
to
describe
government
programs
that
are
intended
to
____________________
families
against
economic
hardship
.