Cory H Roxanne M Tuesdee Ford. What is Debt??? As per Webster's (http://www.merriam-webster.com/dictionary/debt)  Something owed such as; Money goods.

Slides:

Advertisements

Similar presentations

November 2013 FIN310 JU Class.  When the federal government spends more than it takes in taxes, U.S. Treasury has to borrow the rest to pay all its bills.

Advertisements

Political Science, Unit 7. TAXING & SPENDING HOW DOES THE GOVERNMENT RAISE MONEY? 1) TAXES a. Progressive Individual Income Tax b. Corporate Income Tax.

Does the U.S really have a debt crisis? wgbh/pages/frontlin e/tentrillion/view/

Worldwide Depression Mini Q

The Debt Crisis. Key things to know What is the national debt? the sum of all federal bills, notes and bonds that have been issued by the Treasury and.

Fiscal Policy, Deficits, and Debt 13 McGraw-Hill/IrwinCopyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.

Notebook # 28- Economics 10-4 Deficits, Surpluses, And The National Debt pages

DEFICITS AND DEBT DEFINITIONS DEFICIT – ANNUAL AMOUNT THAT GOVERNMENT BORROWS (SIMILAR TO WHAT PUT ON CREDIT CARD IN A YEAR) DEBT – TOTAL AMOUNT OF BORROWING.

Government Spending Economics Chapter 10 Did you know… Between 1962 and 1993, federal transfer payments to people eligible for benefits because of poverty.

THE FEDERAL BUDGET How much power does the President have over the federal budget?

13 The Budget: The Politics of Taxing and Spending

The Great Depression Ch. 8. Standards DoDEA Social Studies Content Standards: Standard: 11SS6: Students analyze the different explanations for.

Budget Deficits and the National Debt Definitions Actual and Structural Deficits Burdens of the National Debt.

Cory Hodsdon Roxanne Martinez Tuesdee Ford. What is Debt??? As per Webster's (  Something owed such as;

FINANCIAL DECISIONS AND GOALS

The effects of not achieving a goal of Full Employment (High Unemployment)

National Debt. What do we owe? April 2015 National Debt has reached $18.2 trillion Average of: $56,728 per person Average of: $154,161 per tax payer.

“In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes.

1 Federal Deficits, Surpluses and the National Debt Economics for Today by Irvin Tucker, 6 th edition ©2009 South-Western College Publishing.

National Deficit & Debt. Basic Definitions A budget deficit occurs when an entity (often a government) plans to spend more money than it takes in. The.

Government spending Running the US Government cost this country around $2 Trillions dollars a year. Most of that money comes from taxes and Congress determines.

Deficits and Debt.

The U.S. Federal Budget Active Learning Presented by: Mary Anne Pettit Southern Illinois University Edwardsville Office of Economic Education and Business.

What it is and from where it came..  Grade 9 Economics  D  H  J  L  E.

 I can Describe how the Federal Government borrows money.

1 The story of The Fed Family. 2 Joe Judy Johnny Sally and Max!

The 2011 Federal Budget Mr. Way, Economics, 3/ Describe the aims of government fiscal policies (taxation, borrowing, spending) and their influence.

National Debt v. Budget Deficit. Government Spending Vocab terms related to National Debt & Budget Deficit Revenue = money collected by the government.

The National Debt Mr. Seely Economics. Balancing the Budget Balanced Budget- a budget in which total revenues are equal to total spending. Budget Surplus-

Who gets the money?. How many budgets did each department or agency propose? What are the differences between these 3 budgets? What are the president’s.

Deficit vs. Debt Deficit: how much more Government spends than it receives in tax revenue over 1- year Debt: total amount Government owes (has borrowed.

Greece Debt Crisis Do Now: Write a paragraph describing how you would solve Greece debt crisis Feb. 12, 2013 AIM: Develop a solution to the Greek debt.

I’ve heard about Oct. 17 th being an important day in the news. What’s going on? I heard it’s something about debt or ceiling. What does that mean?

Creating a Budget Chapter 14. Budget Process Deficit v. Surplus Deficit occurs when expenditures exceed revenues in a year – $1.3 trillion in 2010 Surplus.

1 Chapter 23 Federal Deficits and the National Debt Key Concepts Key Concepts Summary Practice Quiz Internet Exercises Internet Exercises ©2002 South-Western.

Warm up If I gave you $856,000.00, what would you do with it.

Chapter 1 The Basics of Accounting. What is Accounting? Accounting Plan, record, analyze, interpret Accounting System Process of providing the information.

Today’s Schedule – 11/22 Budget Deficits and National Debt Economic Cartoon HW – Read 16.2: Federal Reserve – Study for Ch. 14/15 Quiz.

Politics of Aid Revision. Africa Why countries need aid Debt War Natural disaster Corrupt government Poor farming methods.

1. What is the national debt? 2. What caused the national debt? 3. Where does the government get the money when it wants to spend more than it takes in?

Budget Deficit and National Debt A budget deficit exists when the federal government spends more than they are receiving in revenues within the year. When.

Fiscal Policy Using taxes and government spending to influence the economy.

The U.S.A. a Country Without a Budget Presented by Teresa Larson.

Fiscal Policy Use of government spending and revenue collection to influence the economy.

The Use of $Money$ in the Virginia Colony SOL VS. 4d.

FrontPage: Why do people say that “money is power?” The Last Word: Finish 6.1 for Wednesday.

Personal Budget Vocabulary. Personal Budget Estimate of costs, income, and resources over a certain period of time. Step 1: Identify how much money you.

Module 4 Personal Money Management. Learning Outcomes  4.1 Explored attitude towards money  4.2 Identified sources of income  4.3 Identified expenditure.

Economics Unit 4 Lesson 4 Understanding Government Budgets.

Government Debt vs. Deficit

2-3 Other Measures of Business Activity. Goals Discuss investment activities that promote economic growth. Explain borrowing activities by government,

Introduction to Economics: Social Issues and Economic Thinking Wendy A. Stock PowerPoint Prepared by Z. Pan CHAPTER 23 FISCAL POLICY AND THE FEDERAL BUDGET.

Do the Old Gain at the Expense of the Young? An Economic View of Social Security, Medicare, and the Government Budget Jim Luke Professor of Economics Lansing.

Chapter 13: Government Borrowing Chapter 13 Government Borrowing Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.

U.S. Debt and Deficit USA TODAY I 11/11/2012. How much does the USA owe? Approx. 16 trillion USD 16,000,000,000,000 USD 320,000,000,000,000 CZK Approx.

Debt The National Debt is the total amount of money we owe to countries and people we have borrowed from – How do we borrow? – Treasury Bonds.

BY: LANNERY PURCELL. - The government has a lot of weaknesses in power today including the power to distribute laws and misusing their power of printing.

2-3 Other Measures of Business Activity. Goals Discuss investment activities that promote economic growth. Explain borrowing activities by government,

Miranda reports Imperialism. What really big event happened on this date in 1775?

By: John, Matt, Tray, and Sam. Background Deficit is the amount of money the US owes other countries in debt. National debt is currently 16 trillion dollars.

What would you buy if you had… $1 million? $1 billion? $17 trillion?

Fiscal Policy and the Federal Budget How is the federal budget developed?

Fiscal Policy Using taxes and government spending to influence the economy.

Legislative Powers Expressed vs. Implied Powers February 11, 2013.

Should We Worry About the National Debt? Economics Chapter 14.

Unit 3: Aggregate Demand and Supply and Fiscal Policy 1.

Our National Debt What is our current national debt? How did we get into this situation? What can be done to solve this problem?

The Subprime Mortgage Crisis. OBJECTIVES Define economic terms To identify Bush and Obama’s economic plans To analyze causes of current economic crisis.

U.S. Budget. What is MONEY? Most of the money you make and spend in your lifetime you won’t see. It used to be a trade and barter system. Then precious.

Debt and the Deficit Is a deficit a problem?.

Presentation transcript:

Cory H Roxanne M Tuesdee Ford

What is Debt??? As per Webster's (  Something owed such as; Money goods Services  An “obligation” or liability to pay someone  Is this honestly what we think of when thinking about debt? (individuals, US, Globally?) You Tube Video

How long has debt been around?  Not a clear timeline for individuals or government entities  Use debt to describe cost in War Natural Disasters Rampages of individuals Flagrant spending by political individuals

Political Consequences?  War  Political infighting  Effects of the people who are governed

San Antonio Debt Issues

Texas Debt Issues

United States Debt Issues  Debt is more than 16 trillion Congress Demanding cuts!!  Spending > Money taken in  SS problem since 1970s  Debt Ceiling  Budget Control Act 2011 U.S. National Debt Clock : Real Time

United States Debt Issues  Current Administration VS Prior  US Government borrows 40 Cents of every $1 you spend  Emergency spending with caps

Global Debt Issues  Credit reporting is downgraded China Europe Even the United States  Developed Countries VS Underdeveloped Countries  Panic  Blaming Game

Who Suffers?  EVERYONE!!!  Individuals Families United States

Who benefits?

Promoting the Problem?

Solutions