Presentation on theme: "The U.S. Government Not So Great… U.S. National Debt: $13,000,897,253,966 and rising at about $10,000 a second. By: Philip Land."— Presentation transcript:
The U.S. Government Not So Great… U.S. National Debt: $13,000,897,253,966 and rising at about $10,000 a second. By: Philip Land
Government Involvement Gas prices have sky rocketed all over our country Production has slowed Inflation Government ideas anger citizens Highest debt the U.S. has ever been in Bailouts/Government Loans
Cost of Oil and Gas Prices Ever since our governments idea to go help the war in Iraq, nothing good has came from it. Cost of oil per barrel risen to $70.58 today. Before foreign affairs, received oil at about $30 per barrel. Went from average of $1.68 to average of $2.86 in 6 years.
This is what is happening to our oil, causing us to import more from foreign countries which is putting us in even more debt.
Inflation Prices on all goods have rose over past 6 years. 2010s average inflation rate is 2.33% so far, while in 2004 the average was 1.91%. 2008 average of 3.85%. Our economy now, shows inflation is not a solution to bad economy. Makes things a lot worst.
Inflation Rates (%) YearJanFebMarAprilMayJuneJulyAugSepOctNovDec 20102.632.142.312.24N/A 20090.030.24-0.38-0.74-1.28-1.34-2.10-1.48-1.29-0.181.842.72 20084.284.033.983.944.185.025.605.374.943.661.070.09 20072.082.422.782.572.69 2.361.972.763.544.314.08 Chart shows over 4 years the rate of inflation in percent. You can clearly see 2008 was the nations worst year and 2009 was a lot better. The negative numbers show deflation.
Government Plans and Acts Most recent bill passed with Obama in office, Health Care Act, making everybody buy and have health insurance. Keeping troops over seas to “help” reestablish foreign grounds. Bank loans/Bailouts to big companies, but left out small businesses.
National Debt Over Time This chart shows U.S. National Debt from 1940 to today. You can see we are rapidly making our way to the Great Depression II.
Government Loans/Bailouts Government gave GM a bailout loan, and GM never paid back in full. The Government decided to only make them pay back about ¼ of loan. Government gives big businesses and banks loans to help them keep going, but none have paid back those loans, meaning our Government just gave billions of dollars we’ll never see again.
Think Back… 1990s were probably some of the nations best years along with early 1900s. We were a world powers in all aspects. Strongest economy, military, ect. During those times, you also saw the government not getting as involved. Government believed in only helping society when needed. They believed the economy will work itself out over time and that it did. Now a days, you can see what is happening with too much government involvement.
It’s Not All Bad… We have to remember what our government is doing takes time. It looks bad now, and doesn’t look like there’s hope in the future, but we must be patient. Maybe all we need is to start from a fresh slate. Everything falls, than we do everything we know is rights and start over to get the nation back on it’s feet. Some may disagree with that, but as society we do have power to get what we want over time.