Economics, Prisons, and Terrorism

Keynesian Economics

• Business Cycle
• Federal Reserve Bank (FED)
• Monetary Policy
• Definition
• Strategies
• Fiscal Policy
• FDR
• Keynes
• Deficit Spending (Pro/Con)
• Marginal Propensity to Consume
• Multiplier Effect

National Debt

• Approximately 18 trillion dollars
• Deficit vs. Debt
• Past Presidents / Debt History
• The Surplus / Lockbox Debate 
• Who do we borrow from?
• Long Term Problem vs. Crisis Debate
• How do you balance the budget?
• Four big tools:
• Cut military spending
• Cut social security
• Cut medicare
• Increase taxation

Prisons

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Tax Policy Packet

• Progressive Tax
• Flat Tax
• Regressive Tax
• Marginal Tax Rate
• Types of Taxes
• For each you need to know how it works, if it is local, state, and/or federal, and whether it is progressive, regressive, or flat.
• Income Rax
• Payroll Tax
• Corporate Tax
• Capital Gains Tax
• Sales Tax
• Property Tax
• Estate Tax

Terrorism

• West Wing Episode
• Terrorism PowerPoint
• V for Vendetta