Taxes- How Does The Government Spend Money?

The government spends its money this way:

Medicare (17%): The national health insurance program for people age 65 or older and under 65 with disabilities and peole with permanet kidney failure.

Medicaid (16%): This is a program that pays for medical assistance to individuals and families who meet certain eligibility based on income. This is the largest source of medical and health resource.

Out of Pocket (13%): Payments are made directly by people receiving health care at the time services are used.

Genral Government: Education deparment, Food, nutrition, housing and urban development and other human resources.

Military (51%): This is used for veterans benefits, interest in national debt, Military personel housing, construction.


The 3% that is left over is used for special things like jails and other charities.

Savings and Debt

You can easily get carried away with a credit card. Credit cards seem convenient when you are in need of money but its not in the long run. It gives you easy access to money when it is needed. You're able to get the money, spend but at the end paying it back is the problem. Its hard to resist. People are getting into debt because they need the money and it seems like a good idea. They dont think "oh im going to get into debt", they probably think they can afford to pay it back. Now before people think about applying for credit cards they have to think twice and long about it. I doubt if I will apply for many credit cards now. I probably will apply for only one and see if I can manage that, but more than one noooope! Financially in debt can make your life miserable and cause many problems with future credit crads and applying for other things.

Critique of GDP Podcast

The GDP Podcast that I reviewed was Roshanjit and Franchesca's. At the beginning I think their podcast was a little shaky, but then it picked up and got good. They had good supporting evidence that lead to me knowing they knew what they were talking about. Although they rumble over a couple of words their podcast is clear and loud. I dont have to strain to hear what they are talking about, so thats a good thing. Also the pictures that are included in the podcast help me understand more of what the topic is about. They go right with the words and run smoothly throughout the podcast. The pictures are even colorful which holds my attention and are straight to the point.
The podcast isn't really orginal and doesn't have a bang to it but it is full of important information and it isn't boring. This podcast is a great tool for a study guide or just to know a little about the topic. If you dont know anything about GDP and you listen to this podcast, by the end of the lesson Im 100% sure you will learn something new.

US Trade Deficit: getting better?

What is this article discussing? What is a trade deficit? Why is the US trade deficit likely to go down in the future? What kind of products is the US selling overseas? And what about the US dollar - how can a weak dollar actually help the US economy and the trade deficit?

Taxes - How Does The Government Get Money?

There are three different types of taxes that the U.S pays for. One is the federal, Two is the state government taxes, and the Third is the government taxes and local government taxes. The government gets it's money from taxes and by deducting it from citizens of the U.S paychecks. The government deducts taxes by taking it out of our paychecks each week or every two weeks. One federal tax is the IRS. The state taxes is when you own a property or business you have to file taxes for that and pay your taxes for that property. Taxes charged on clothing are a state tax. At the end of the year though we can file our taxes and we basically get some of the money back that we paid in taxes.

"To Chef" Dreams Crushed-Student Loans

1. I think because they thought they could afford to pay it back in enough time.

2. I think they suck. They try to trick you into "affording" it. They throw at you a stack of papers to sign, knowing its way to much to read and skimming through it you would miss certain things.

3.No I do not plan on taking out any student loans.

Critique of Federal Reserve Podcast

I choose to review Ashley and Justins federal reserve podcast. I found thier podcast to be very entertaining. Instead of the traditional aproach of just spewing out facts - the approach I myself took, they decided to do a question and answer format, like a student asking her peer for advice. For the most part we had the same information, so unless we were all lied to, their information was factual. They also had many colorful pictures to match thier voices. Some of the pictures were slightly humours when paired with their voices. Overall, I found thier podcast to be very original.