why can’t we just print more money? unemployment foreclosures teacher layoffs student loans road...
TRANSCRIPT
Why can’t we just print more money?
Unemployment
Foreclosures
Teacher layoffs
Student loans
Road budgets cut
School closures
Prison overcrowding: Prisoners being released early
Credit card debt
Bankruptcy filings up
Auction time!
AGENDAJanuary 7/8, 2014
Today’s topics Why can’t we just print more money? Role of Government in a Market Economy Chapter 16: Financing the U.S. Government
Administrative The Road Ahead…
Homework None
INFLATION
The Road Ahead…Upcoming Dates…January 7/8/9 After school study & review sessions
January 9/10 Ch. 16 Reading + Glossary quiz
January 14/16 After school study & review sessions
January 16/17 Unit 4 Guide due
January 17 Portfolio EXTRA CREDIT option dueat 3:00 p.m.
Learning GoalsUnit 4 Guide
How should the government spend taxpayers’ money?• On what does the federal government spend the
most money? (top five categories and amounts)• How would you change these budget priorities?
Understand all Unit 4 concepts and Glossary terms• Explain and apply all Glossary terms and related
concepts
What is the proper role of Government in the
economy?
The Next New Deal
Role of Governmentin a
Market Econom
y
Chapter 16• Section 1: Taxes and Other Revenue
• Section 2: Borrowing and the Public Debt
• Section 3: Spending and the Budget
• Section 4: Fiscal and Monetary Policy
Chapter 16: Taxes and Other Revenues
What are the major sources
of revenue (income) for the federal
government?
TaxesIncome tax• Brackets
• Progressive tax
TaxesPayroll taxes• Social Security• Medicare• Unemployment
insurance
• Regressive tax
Taxes
Estate tax
Homework
Before you leave Pick up your belongings Straighten up your area
Homework None
Reminders: January 7/8/9 After school study & review
sessions January 9/10 Ch. 16 Reading + Glossary quiz