Some things change and Some things don’t. How has the government change? What are some similar issues the government deals with?

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/