Tuesday, November 19, 2013

     Where is all of our tax money going to? One large program that our taxes fund is Obamacare. But what's in it for us tax payers? Obamacare is a program that is made to provide everyone with health insurance, but it is not voluntary. You must pay for it, regardless of if you think you will need it or not. The results are debates over whether it is constitutional or not, businesses having a hard time, lots of money spent on a program that the majority of people don't need. To provide medical care for every citizen of an entire nation requires lots of resources, doctors, and buildings/infrastructure. Hoe long can an program like this last? Will the toll of this program accumulate to put our nation deeper into debt? Only time can tell.

Thursday, November 14, 2013

     Where does all our tax money go? How does the government manage our budget? To break it down simply, they use it for mandatory and discretionary spending. Mandatory spending is spending on programs required by law, such as the Military. Discretionary spending is spending on purchases not required by law, like sending additional money to schools so they can better teach a subject such as computer science.

Tuesday, November 5, 2013

     Have you ever bought something that had a negative effect that you didn't expect? You could call that a negative externality, I like to focus on how the beginning of the word sounds like extra. If you buy a TV and you watch it all the time, a negative externality could be the damage to your eyes or that you become obese because of it. Everything has a externality, just think about whether the positive externality is worth tolerating the negative, you give some and you loss some.