1. 20 minutes Check Grades: complete any missing assignments
Check Binder: organize (see Ms. G’s class binder for help)
Other Classes: work on assignments from different classes
Expectations:
Working on task
Whisper
Be Productive

2. National Priorities Project
Budget – the plan you make on how to spend your money
Debt – the money you spend that don’t have
Follow the Money
National Priorities Project

3. Mandatory – money that is already promised.
Example: social security – people have already given the gov’t money to keep for them. When you are old and not working, this gives you a way to live.
Discretionary – we can choose where to spend

4. What are the top 3 sources of revenue for the US income?
Money
Revenue – money coming in, earnings
Expenditures – money being spent
What are the top 3 sources of revenue for the US income?

5. Individual taxes Corporate taxes compared to
When did the percentage (%) of taxes paid by the two groups become very different?
What world event was happening when they were the same?
What world event was happening when they became very different?

6. 2015 Total Spending 33% Social security, unemployment, disability
27% Medicare and health
16% Military + 4% Veterans
(Veterans = people who used to be in the military)
Which of these are mandatory?
Which of these are discretionary?

7. $$$ Already Promised: Most of the Social Security
Most of the Medicare & Health
About ½ of what we actually spend on Veterans

8. Choices! $599 billion + 65 billion $664 billion Discretionary
Top choice – 60%
Military 54%
Plus Veterans 6%
$599 billion
+ 65 billion
$664 billion
Discretionary
billion Mandatory
$ 759 billion military

9. World Military Budgets
The USA spends more than the next _______ highest spenders combined on the military.
Name 3 countries who spend the most money on their military besides the US/

10. 2018? What’s changed?