GOVERNMENT SPENDING LESSON ACTIVITIES. Active Participation: A, B, or Both?

Slides:



Advertisements
Similar presentations
AG What goods do governments provide? AG What role do entitlement programs and discretionary spending play in the government's regulation of.
Advertisements

16. Financing the Government.. Taxes. Nontax Revenues and Borrowing.
New York Times, Budget Puzzle 1.What is the predicted budget shortfall in 2015? In 2030?( how old will you be then?) 2.List 3 spending cuts you made &
Deficits and Debt. The Budget Process Taxes, especially personal income taxes, provide most of the federal government’s revenue.  The federal budget.
Standard SSEMA3b-Explain the government’s taxing and spending decisions.
THE FEDERAL BUDGET How much power does the President have over the federal budget?
Today’s Schedule – 11/21 Government Spending PPT Presidential Budget Analysis HW – Read 15.1/15.2.
Raising Money Social Studies I Mrs. Hunt. Learning Target I will identify the necessities of raising money for the government.
American Problems Chapter 16 vocabulary.
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.
The Tax System Chapter 12. What Are Taxes and When Do You Have to Pay Them? Taxes are payments to local, state or national governments. They are the government’s.
Financing Government Chapter 16 Notes
Government Spending, Pt. 2. What are the three top expenditures of the federal gov’t? Social Security (#2) Medicare (#3) National Defense (#1)
Chapter 14. What does FICA fund? Social Security and Medicare.
Taxes & Gov’t Spending Fiscal Policy Monetary Policy Potpourri Federal Reserve & More Monetary Policy
The Federal Budget Process In A Very Small Nutshell May 9, 2007.
Creating the Federal Budget: Congress & The President.
What are Taxes? Why have Taxes? Funding Government Programs Allow governments to provide services and operate Taxes & the Constitution This is the first.
Ch. 25 Jeopardy Sales TaxDeath TaxIncome TaxGas TaxTobacco Tax
January 6, Twenty-Ten.  What are the restrictions on a tax?  What kind of tax is the Federal Income Tax?  What is an excise tax? Give an example of.
Warm-up 5/10/12  Yesterday we talked about welfare programs to help people in need. How does the government pay for these programs?  What limits how.
National Debt v. Budget Deficit. Government Spending Vocab terms related to National Debt & Budget Deficit Revenue = money collected by the government.
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.
How a Bill Becomes a Law Play “The making of a Law”- 20 minutes.
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.
Copyright © 2008 Pearson Education, Inc. Slide 4-1 Unit 4F Understanding the Federal Budget.
Unit IV – Legislative & Executive Taxing & Spending: The Budget Process.
Warm up If I gave you $856,000.00, what would you do with it.
CHAPTER 16 FINANCING GOVERNMENT - THE BUDGET.  Taxes  Progressive Taxes – get bigger the more money you make  Income Tax  Regressive Taxes – the same.
Budget Plan for managing and spending money. Plan for managing and spending money. Governments create budgets to help them make decisions because of limited.
American Government Unit Chapter 16
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?
This lesson covers the W-2 IRS tax form.. The W-2 is an important tax form that everyone needs to understand. The W-2 is a wage and tax statement, since.
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.
The Economy Ms. Dennis & Mr. Patten Participation in Government.
How does the Gov’t address the Problems with the Business Cycle (Inflation and Recession) 1. Fiscal Policy 2. Monetary Policy.
Economics Unit 4 Lesson 4 Understanding Government Budgets.
Financing Government Chapter 16
Taxes. Tax - A required payment to a local, state, or national government. Used to pay for the costs of running the government, and the programs, projects,
Spending Chapter 4. Consumer Spending Questions: Based on the pie chart from slide 2, what percentage of consumer spending is made up of housing-related.
Congress, the President, and the Budget. The debt and the deficit Budget deficit – spending > revenues in a year Budget deficit – spending > revenues.
Working with Congress to Set the Federal Budget February 11, 2015 Objective: Understand the role that the President and Congress have in regards to creating.
Economic Policy and The Budget Process. I. Economic Policy A.Monetary v. Fiscal Policy 1. The government uses monetary policy to influence the economy.
What would you buy if you had… $1 million? $1 billion? $17 trillion?
Fiscal Policy Using taxes and government spending to influence the economy.
The Federal Budget A detailed estimate of revenue and spending – Revenue – Money that comes in to the government – Spending (Expenditures) – Money that.
Fiscal Policy How the Government affects my money!
The Government and the Economy.  To increase the STANDARD OF LIVING  Standard of living – ▪ A measure of how prosperous the people of a nation are ▪
The Government and the Economy
Creating the Federal Budget:
Fiscal and Monetary Policy
Center on Budget and Policy Priorities
GOVERNMENT SPENDING LESSON ACTIVITIES.
DEBT vs DEFICIT.
GOVERNMENT SPENDING LESSON ACTIVITIES.
GOVERNMENT SPENDING LESSON ACTIVITIES.
Federal Government Expenditures
10 trillion and counting Solve the deficit
GOVERNMENT SPENDING LESSON ACTIVITIES.
Chapter 22 Section 1 & 2 Mr. Holmes December 8, 2012.
Taxes & Government Spending
GOVERNMENT SPENDING LESSON ACTIVITIES.
Taxes.
National Debt.
Taxes, spending, fiscal policy, deficits, surpluses, national debt
Mandatory v. Discretionary Spending
Unit 5: Fiscal and Monetary Policy
20 minutes Check Grades: complete any missing assignments
What is it? How do we fix it?
Required payment to a local, state or national government
Presentation transcript:

GOVERNMENT SPENDING LESSON ACTIVITIES

Active Participation: A, B, or Both?

Budgets are for... A.Households B.Governments C.Both 1.

Making a budget can include… A.Choices B.Spending cuts C.Both 2.

Mandatory spending includes money for… A.Defense B.Social Security C.Both 3.

Discretionary spending is… A.Congress’s choice B.Required by law C.Both 4.

Those who get a say in the federal budget include… A.The president B.Congress C.Both 5.

Securities are… A.IOUs B.A way to make money C.Both 6.

The world sees U.S. securities as… A.Risky B.Trustworthy C.Both 7.

Most people think the government should operate at a… A.Surplus B.Deficit C.Both 8.

Borrowed money must be paid back with… A.Securities B.Interest C.Both 9.

On the subject of government spending, people usually… A.Agree B.Disagree C.Both 10.

The government gets money from… A.Citizens’ tax dollars B.Borrowing C.Both 11.

The government spends money on things like… A.Science research B.Courts C.Both 12.

Trim That Budget!

Where Does the Government’s Money Go?