why can’t we just print more money? unemployment foreclosures teacher layoffs student loans road...

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!

Time Warp:Germany, 1923

VIDEO

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