Come in, sit down and quietly begin
writing your Pre-deliberation reflection
 Please turn off and put away your cell phon...
A Nation in Debt
How can we balance the budget?
 The National Debt
 “Can you balance the budget” game
 Next Tuesday - R...
Can You Balance the Budget?
Politicians talk about balancing the budget all the
time. Is it actually possible?
If you were...
What is a deficit?
When politicians talk about the DEFICIT, they are referring to the debt the
government has when it spen...
Crazy Government Spending
Most of what the government spends money on are
things people need or on running the government....
Paying for war
The largest part of the
Federal Budget is spent on
the military.
We spend as much as the
next 11 countries ...
Do we have to balance the budget?
The Federal government is not the same as
you. When you owe money, you have to pay it
of...
Assignment for next class
 Read NIF Booklet and be prepared to discuss.
 Due Tuesday 11/17 Local Government
Reflection
...
Nation in Debt
of 9

Nation in Debt

What is our national debt?
Published on: Mar 3, 2016
Published in: Education      
Source: www.slideshare.net


Transcripts - Nation in Debt

  • 1. Come in, sit down and quietly begin writing your Pre-deliberation reflection  Please turn off and put away your cell phones. As always, use of cell phone will result in reduction in participation points. Thank you.  After reading your Issues Forum booklet, and before our deliberation today you are to choose an option that suits your viewpoints the best.  Tell me which option is the most acceptable to you. Give 4 specific reasons why you are leaning towards the particular option.  Write something about that option that you disagree with.  Not having an opinion is an unacceptable answer.
  • 2. A Nation in Debt How can we balance the budget?  The National Debt  “Can you balance the budget” game  Next Tuesday - Read NIF Booklet American Energy Policy and be prepared to discuss.  Due Tuesday 11/17 Local Government Reflection
  • 3. Can You Balance the Budget? Politicians talk about balancing the budget all the time. Is it actually possible? If you were in charge of the budget, how would you spend the money? Would you cut programs the public likes to balance the budget? Or would you borrow more money and raise the deficit? Play this game to find out… https://www.icivics.org/games/peoples-pie
  • 4. What is a deficit? When politicians talk about the DEFICIT, they are referring to the debt the government has when it spends more money than it takes in through taxes and revenues. The National Debt is the total amount the Government owes. + The government makes money by collecting taxes, tariffs on imported goods, revenues on services, and by printing more money. - The government spends money on things like the military, running the government, infrastructure –-like roads and bridges, education, health care, and social security. - https://www.youtube.com/watch?v=n7N-0q4WgB4 The current national debt is 18.1 Trillion Dollars
  • 5. Crazy Government Spending Most of what the government spends money on are things people need or on running the government. Politicians and the public don’t always agree on what is important. Sometimes, politicians fund things as favors to supporters – this is called pork barrel spending. Get out a sheet of paper. Take notes on this video You will need your notes for the in class writing assignment. This video makes fun of some government spending. Do you agree or disagree with their examples?  https://www.youtube.com/watch?v=Nq4-LizaMrE
  • 6. Paying for war The largest part of the Federal Budget is spent on the military. We spend as much as the next 11 countries put together. https://www.youtube.com/watch?v=jE9zPiOCGzc
  • 7. Do we have to balance the budget? The Federal government is not the same as you. When you owe money, you have to pay it off with money you earn or borrow. But the federal government can do something you can’t. It can print more money! Businessmen and corporations say this is a bad idea because dollars will be wroth less in the global market and it would cause inflation – i.e. prices would rise for the things we buy. But some economists say printing more money can help get a stagnant or sluggish economy going. Milton Friedman blamed the great Depression on the lack of enough money in circulation. What do you think?
  • 8. Assignment for next class  Read NIF Booklet and be prepared to discuss.  Due Tuesday 11/17 Local Government Reflection  Coming up: Policy Paper due the following week: 11/24