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Some things change and 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
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Obama Cabinet Secretary of State: Hillary Clinton Secretary of treasury Defense Justice Interior Agriculture: Thomas Vilsack Commerce Labor Heath and Human Services Housing and Urban Development Transportation Energy Education Veterans Affairs Homeland Security (Newest department)
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Who becomes president? President Vice President Speaker of House
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Who becomes president? Barack Obama Joe Biden John Boehner
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What issues did George Washington face?
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Rebellion National Debt
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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/
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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?
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National Debt What caused George Washington’s debt? –Revolutionary War –Starting a new government.
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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
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National Debt now The debt as of Jan 1st, 2012 is 15,170,600,000,000. $49,414.59 per person
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Lets see what that looks like! http://usdebt.kleptocracy.us/
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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
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Current issues: U.S. Debt Too Big for National Debt Clock Does the US have debt? How are we handling our debt issues?
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What has happened to countries with too much debt? Rome Greece http://www.businessweek.com/ap/financialnews/D9E7U2JG0.htm
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Work Cited http://www.whitehouse.gov/administration/cab inethttp://www.whitehouse.gov/administration/cab inet http://cnsnews.com/news/article/obama-has- now-increased-debt-more-all-presidents- george-washington-through-george-hwhttp://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-makinghttp://lmmartin.hubpages.com/hub/The- United-States-National-Debt-233-years-in- the-making http://www.washingtonpost.com/business/eco nomy/five-truths-and-five-myths-about-the- debt- ceiling/2011/07/20/gIQALDAfcI_gallery.html? hpid=z1#photo=5http://www.washingtonpost.com/business/eco nomy/five-truths-and-five-myths-about-the- debt- ceiling/2011/07/20/gIQALDAfcI_gallery.html? hpid=z1#photo=5 http://usdebt.kleptocracy.us/
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