Some things changeand Some things

don’t.

How has the government change?

What are some similar issues the government deals with?

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Washington’s Cabinet

• Secretary of State

• Secretary of Treasury

• Secretary of War

• Attorney General

• Postmaster

Obama Cabinet

• Secretary of State: Hillary Clinton

• Secretary of treasury• Defense• Justice• Interior• Agriculture: Thomas Vilsack• Commerce• Labor• Heath and Human Services

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•Housing and Urban Development •Transportation•Energy•Education•Veterans Affairs•Homeland Security

•(Newest department)

Who becomes president?

• President

• Vice President

• Speaker of House

Who becomes president?

• Barack Obama

• Joe Biden

• John BoehnerQuickTime™ and a

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What issues did George Washington face?

What issues did George Washington face?

• Rebellion

• National Debt

National Debt

• What is debt?

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National Debt

• Debt is money that you owe– You have borrowed money

• Car, school payments, house payments– Most people don’t straight up buy these things– Average student has $25,000 school debt– Average Iowan student has $30,000.

– At some point in your life you will mostly likely have debt which is ok.

http://www.gsb.iastate.edu/en/projects_and_issues/student_debt/

National Debt

• National Debt: money that the government owes

• National Deficit: The amount by which a government's expense exceed its tax revenues.

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National Debt

• What caused George Washington’s debt?

National Debt

• What caused George Washington’s debt?– Revolutionary War– Starting a new government.

National Debt

• How did Washington plan to get out of debt?– Tax on whiskey

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National Debt

• January 1, 1791 and the sum was $75,463,476.52

• U.S. population: 3,929,214, giving a per capita rate of debt of $19.205

• $1 then is worth about $23.81

• That is worth about $1,796,785,364

http://www.davemanuel.com/inflation-calculator.php

National Debt now

• The debt as of Jan 1st, 2012 is 15,170,600,000,000.

• $49,414.59 per person

Lets see what that looks like!

• http://usdebt.kleptocracy.us/

National Debt

• What caused the national debt?

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National Debt

• Inherited a lot of debt• Paying for government

programs– Department of Health and

Human Services– Social Security

Administration• Lots of old people

• Bail outs– Banks & car companies

• Paying for war– Department of defense

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Who is paying for the debt?

Why is China buying more U.S. debt?

http://www.youtube.com/watch?v=A7MvXUDrZ0Q

Current issues:

U.S. Debt Too Big for National Debt Clock

Does the US have debt?

How are we handling our debt issues?

What has happened to countries with too much debt?• Rome

• Greece

http://www.businessweek.com/ap/financialnews/D9E7U2JG0.htm

Work Cited

• http://www.whitehouse.gov/administration/cabinet

• http://cnsnews.com/news/article/obama-has-now-increased-debt-more-all-presidents-george-washington-through-george-hw

• http://lmmartin.hubpages.com/hub/The-United-States-National-Debt-233-years-in-the-making

• http://www.washingtonpost.com/business/economy/five-truths-and-five-myths-about-the-debt-ceiling/2011/07/20/gIQALDAfcI_gallery.html?hpid=z1#photo=5

• http://usdebt.kleptocracy.us/