More on Health Care

Two more articles to help you on the health care bonus project:

http://www.chieftain.com/business/local/article_21b357e8-33d6-11df-851a-001cc4c03286.html


http://www.associatedcontent.com/article/2812896/what_is_in_the_new_health_care_bill.html

Homework assigned Wednesday and Thursday

Followup questions for homework for Wednesday and Thursday, NOT FOR MONDAY AND TUESDAY. FOR MONDAY AND TUESDAY LOOK TO THE PREVIOUS POST.:

1. Based on the budget making activity you worked on today, how would you argue that the Office of Management and Budget is a very powerful organization in the federal government?

Look at the budget pie chart (to the left) and answer the following questions:

2. What type of programs seem to be the highest spending priority for our government? (hint: the answer involves the colors blue, orange and dark red).

3. What kinds of programs do you think the category "Other Mandatory" refers to?

4. Is national defense important to our country? Argue using the evidence?

5. How important, relatively speaking, does the idea of helping the less fortunate in the world seem to be?

6. The yellow part worth 15.72% of the budget refers to non-discretionary spending. Use the internet to find out some examples of this.

7. If you could make three changes to this budget, what would you do, and why would you do it?

Homework

Some questions to answer for review for HW:

What is the Fed and what does it do? (2 pts)
What are the benefits that come with a society having full employment? (3 pts)

Describe the effects of the following on a society/economy (1 pt each):
The Congress raises taxes.
The Congress lowers taxes.
The Fed lowers the discount rate.
The Fed increases the reserve requirement

Draw a chart or diagram to compare the beliefs of Democrats and those of the Republicans when it comes to the economy. (3 pts)

In what ways does our country not have a true market economy? (3 pts)

You must answer all these questions. Please ask me if you need help. There is not excuse for not having all correct answers if you don't ask me for help.

Health Care

Here are some links to help you with your healthcare bonus project.

Economic Effects
For information on the effects of the health care act on business and the economy click here.
(this is not easy reading but it is good information, and I can help you if you want)

Political Effects
Information here.

Remember that you must get your information from a reputable, non-governmental source, such as the Wall Street Journal, cnn.com, foxnews.com, bbci.co.uk, economist.com, or nytimes.com and paraphrase the information.

Vocabulary for Unit III + Second Assignment

1.Using Chapter 9, define each of the following (31 pts). Incorporate all of them into a short story or comic (31 pts). Due Thursday the 15th (even) and Friday the 16th (odd)

1Revenue
2Taxes
3Exemption
4Deductions
5Excise Tax
6Estate Tax
7Gift Tax
8Customs Duty
9Standard of Living
10Free Enterprise
11Recession
12Inflation
13Fiscal Policy
14Monetary Policy
15Disposable Income
16Federal Reserve System
17Reserve Requirements
18Discount Rate
19Open-Market Operations
20Bond
21Keynesianism
22Deficit
23Monetarism
24Federal Budget
25Office of Management and Budget
26Congressional Budget Office
27Resolution
28Reconciliation
29Gross Domestic Product
30Entitlements
31National Debt

2. Get graphic organizer on taxes from me. Use pp. 191-194 to answer it. Read about "Tax Policy and the Public Good" on page 195 and answer (on the back of your graphic organizer) the following question in a 1-paragraph mini toulmin (with claim, clarification, evidence and warrant):
"Should the U.S. government use taxation to redistribute wealth to people who need it?"

Bonus points if you bring the book back to me tomorrow (for even).

3. Also, on the back, answer the following question using the cartoons below.





What are these cartoons trying to say about Obama and taxes?

For grade healing

Some bonus projects:

1. Create a poster featuring an advertisement promoting one of the following types of economies: market economy, planned economy, mixed economy. Poster should be in color, attractive, and feature a simple concept that summarizes your view as to why this economy is the best. You must show me a rough draft (on white paper) before you make the final poster. 50 pts


2. Create a poster explaining the ins-and-outs of the recent Health Care Act signed by Obama. Poster should explain, using text and graphics, exactly what the Health Care Act provides, as well as the political and economic effects that will come from it. Project must be well researched on reputable websites (cnn.com, realclearpolitics.com, theeconomist.com) and sources must be cited. Information must be paraphrased. Project will not be accepted with text copied directly from a website. 100 pts