Economic Stability by Mike Man https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3 Michael Adams en-us 2018-04-17 01:58:31 UTC 2018-04-17 03:07:39 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Balance.png Federal Deficit - The amount by which a government's expenditures exceed its tax revenues per year. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252391332 2018-04-17 02:02:21 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252391332 Federal Debt - The total cumulative amount of annual federal deficits, or the total amount the government has borrowed and not re-payed. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252393437 2018-04-17 02:08:43 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252393437 In order to operate, the United States government must spend money. But when the government spends more money than it takes in in tax revenue, it must borrow money to pay it's bills. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252395521 2018-04-17 02:20:53 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252395521 In general, the government always spends more than it takes in each year; it runs a deficit. These deficits accumulate as debt. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252395778 2018-04-17 02:22:27 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252395778 Talented people notice how large the debt is and give you great School House Rock videos! mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252396974 2018-04-17 02:28:08 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252396974 The government borrows money by selling bonds. These are promissory notes that are given to a creditor in exchange for cash. They say the government will repay the loan, plus interest, at a later date. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252397009 2018-04-17 02:28:24 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252397009 Interest on the debt increases - As the debt rises, the interest alone eats up a larger and larger portion of tax revenues. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252398134 2018-04-17 02:34:41 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252398134 Taxes have to go up. As the interest payments rise, taxes must rise in order to keep providing government services. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252399238 2018-04-17 02:40:30 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252399238 Recessions of the economy may happen. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252399883 2018-04-17 02:44:44 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252399883 Balanced Budgets - If the government would follow a balanced budget each year, (spend no more than it takes in), the debt could be paid down. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400175 2018-04-17 02:46:20 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400175 Cutting services such as welfare payments, food and medical assistance programs and military spending cuts. The government would have to shrink it's overall size. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400542 2018-04-17 02:48:51 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400542 Increase the GDP. Enact policies that promote economic and business growth. Cut red tape and regulations. Help businesses. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400994 2018-04-17 02:51:47 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252400994 Interest rates rise. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401481 2018-04-17 02:54:45 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401481 Fewer people are willing to loan the US money. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401597 2018-04-17 02:55:37 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401597 Tax laws need to be re-written to make more people or corporations pay more taxes. mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401774 2018-04-17 02:56:56 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401774 Reduce spending mikeman1mikeman1 https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401912 2018-04-17 02:57:50 UTC https://padlet.com/mikeman1mikeman1/MichaelAdams_11_3/wish/252401912