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/
