Pop Quiz - - - - - - - - - - - - - - - - - - Who Broke the Economy 2.0.

Slides:

Advertisements

Similar presentations

Presented by The Committee for New Priorities and Chicago Jobs with Justice.

Advertisements

Chapter 14: Deficit Spending and the Public Debt

 Spending, taxing, & borrowing policies  Government collects taxes to pay programs (Roads, education, National Defense)  Taxes used to influence behavior.

Chapter 11 Fiscal Policy McGraw-Hill/Irwin

Economic Policy 1950-Present. Federal-Aid Highway Act of 1956 provided government funding for superhighways that gave drivers easy access to the suburbs.

TAX FAIRNESS Josh Nassar Legislative Director, UAW.

Objectives Analyze Reagan’s economic policies as President.

Deficits and The Debt: An example. Year Taxes Spending Deficit/Surplus Debt 1 25M 25M M 30M -3M 3M 3 30M 35M -5M 8M 4 33M 32M 1M 7M.

Unit 7 Macroeconomics: Taxes, Fiscal, and Monetary Policies Chapters 15.3 Economics Mr. Biggs.

1 Introduction to Macroeconomics CHAPTER 5 © 2003 South-Western/Thomson Learning.

The Obama Presidency I.The Obama Vote II.The Economic Crisis III.Obama’s Domestic Policies.

Macroeconomics What is Macroeconomics? Important Macro Variables What is GDP? Macroeconomic Policy.

Economic Justice For All: The Great Regression to Progressive Action We Are One Conference.

© OnlineTexts.com p. 1 Chapter 1 Parks Economics 104 Introduction to the U.S. Economy.

Overview of the Global Economy Robert Culver CEO & President, Mass Development January 20, 2010 Open Classroom: International Economy, Security and Culture.

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.

TAX BASES & STRUCTURES. Most Common Tax Bases Individual income tax Corporate income tax Sales tax Property tax.

Copyright © 2009 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Chapter 11 Fiscal Policy.

Supply-Side Economics

1 Chapter 17 Practice Quiz Tutorial Federal Deficits, Surpluses, and the National Debt ©2004 South-Western.

CHAPTER 20 SECTION 1 PGS Taxing and Spending.

The basic skills section. How to Think about the Deficit - 1 How would you measure the federal deficit?

2 nd New Deal April 1, st New Deal: helps ECONOMY – Banks, businesses 2 nd New Deal: helps PEOPLE – Elderly, poor, unemployed, & farmers 1. Works.

Common Misconceptions Propagated by ????. 1. Public Employees Are Overpaid “Wisconsin is one of 41 states where public employees earn higher average pay.

Eco 6351 Economics for Managers Chapter 11b. Aggregate Supply and Demand Prof. Vera Adamchik.

Saving, Investment, and the Financial System

 I can Describe how the Federal Government borrows money.

33.2- Conservative Policies Under Reagan and Bush Lesson Objective: To Understand the programs and policies of Presidents Ronald Reagan and George Bush.

Reaganomics Economic Policies of the 1980s. Issues at the Time Inflation Unemployment Stagflation Oil Crisis Iranian Revolution Ronald Reagan (1980)

Slide 5-1 Copyright © 2000 Addison Wesley Longman, Inc. CHAPTER 5 A First Look at Macroeconomics Chapter 22 in Economics Michael Parkin ECONOMICS 5e.

Fiscal Policy If your family or you made a budget to calculate family expenses than you are practicing a key IDEA that is related to Fiscal Policy = Balancing.

Unit 1.04 The Business Cycle Measuring Economic Activity.

Obama vs. Roosevelt American Studies Mr. Homburg.

MACRO ECONOMIC GOVERNMENT POLICY. NATIONAL ECONOMIC POLICY GOALS Sustained economic growth as measured by gross domestic product (GDP) GDP is total amount.

ECONOMICS. Economy Types There are four types of economy in the United States Agricultural Service Industrial Information.

Retain G.W. Bush tax cuts for individuals earning over $ 250,000 per year is in the interest of a Republic.

Chapter 19 Introduction to Macroeconomics © 2009 South-Western/ Cengage Learning.

Chapter Saving, Investment, and the Financial System 18.

Circular Flow & GDP How the U.S. Economy works. Branches of Economics Microeconomics --studies economic behavior & decision making of small units: individuals,

Chapter 16: Financing Government Section 2. Copyright © Pearson Education, Inc.Slide 2 Chapter 16, Section 2 Objectives 1.Describe federal borrowing.

Chapter 15SectionMain Menu Fiscal Policy and the Federal Budget The federal budget is a written document indicating the amount of money the government.

Economics Unit 4 Lesson 4 Understanding Government Budgets.

The New Economy Presentation by Dr. Kevin T. Brady, AIHE President.

■ Essential Question: – What are the major challenges facing America in the 21 st century? ■ Warm-Up Question: – What is the bigger problem facing America:

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.

Goodstein claims that each $1B of US GDP supports 22,000 jobs, on average. 1. Suppose the current size of the US economy is $7T. How many jobs does this.

Reaganomics v Keynesian Modern U.S. Economics. Today’s Objective Analyze opposing opinions on the role that government plays in the life of the people.

Chapter 15: Fiscal Policy Section 3. Copyright © Pearson Education, Inc.Slide 2 Chapter 15, Section 3 Objectives 1.Explain the importance of balancing.

Chapter 14: Congress, The President and the Budget Politics in Action: The Politics of Budgeting.

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

Economic Development Administration – June 2006 – Page 1 U.S. Department of Commerce ECONOMIC DEVELOPMENT ADMINISTRATION The New Realities Ben Erulkar.

The Federal Budget Why does something so important have to be so complicated?

IT’S THE ECONOMY, STUPID Big Idea: The success or failure of an administration often hinges on the economy, despite the fact there are other controlling.

Financing the Government. Taxes and Revenue Progressive tax – the higher the income, the higher the rate Payroll taxes – taxes matched by employers Regressive.

Fiscal Policy Chapter 15 Section 3 Budget Deficits and the National Debt.

Election of Jimmy Carter Democrat President of the United States Running Mate: Walter Mondale.

Mai, Ian, Emily, Maggie, Cassidy, Sunny. Action the government takes in the economic field.

Where is the U.S. Economy Going? IAM 36 th Grand Lodge Convention Cincinnati, Ohio Barry Bluestone Northeastern University Boston, Massachusetts September.

Deficits and the Debt GOVT Module 16.

PowerPoint E: International Comparisons

Slide Deck E: International Comparisons

American government Unit: Chapter 16

Introduction to the U.S. Economy

Federal Deficit and Debt

Economic Policies of the 1980s

Cliff Brewis Vice President Operations Dodge Data & Analytics.

What produces high GDP & low Unemployment?

Saving, Investment, and the Financial System

Deficits and the Debt November 28, 2017.

Saving, Investment, and the Financial System

Presentation transcript:

Pop Quiz Who Broke the Economy 2.0

What percentage of private sector workers in the U.S. has a union job? A. 0% B. 7% C. 33% D. 50%

Private Sector Union Density % 7%

In the United States, how much more money does the average CEO make than the average worker? A. 50 times B. 96 times C. 178 times D. 343 times

Average CEO pay times higher than the average worker

EBay paid CEO John Donahoe $12.4 Million last year. How much did EBay pay in federal taxes? A. $0 B. $11 Million C. $12 Million D. $100 Million

United States of America Tax Refund 2010 Pay to the Order of: EBay Pay the Amount of: One Hundred and Thirty One Million Dollars $131 million

how much of the deficit reduction comes from closing corporate tax loopholes? In the $2.5 Billion debt ceiling compromise… A. $0 B. $1.4 Billion C. $35 Million D. $900 Million

How many jobs will be lost as a result of the recent debt ceiling deal? A. 100,000 B. 650, C. 700,000 D. 1.8 Million

Jon Stewart The Daily Show

The national deficit makes up a bigger part of our economy than ever before. true false

As a share of our Gross Domestic Product (GDP)… Our national deficit was higher following WW II than it is today. $ $ $ $

Adding enough jobs to shrink unemployment by 1%, would reduce our deficit by $140 billion. true false

Deficits Unemployment Job Creation Reduces Deficits - 1% Unemployment Jobs $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Revenues Deficits - $140Billion

how much can we invest in fixing our crumbling infrastructure ? If we end the Bush tax cuts for the rich… A. $40 Billion B. $70 Billion C. $700 Billion D. $4 Trillion

$700 Billion is wasted on the rich when it could be invested in our roads and bridges

How many jobs could we create with that $700 Billion in infrastructure investment? A. 50,000 B. 3.8 Million C Million D. 700 Billion

12.6 Million jobs could be created... if we ended the Bush tax cuts for the rich. jobs

Which president did the most to deregulate investment banks, enabling them to crash the economy? A. George W. Bush B. Ronald Reagan C. 1st George Bush D. Bill Clinton

Robert Reich Economist Former U.S. Labor Secretary