Taxes - How Does The Government Spend Money?

Every year United States government get money from tax collection and they spended in many things, like health plans, human services, parks, jail, education, costs of war, etc.

While the United States spends far more on a per capita basis than any other nation, there's a greater reliance on government or public health programs elsewhere.

Savings and Debt

My reaction to this article is that it reflects the type of situation that many families in America are going through. Also I think that everybody should try to stay out of debt because sometimes it take you in problem with credits. When you have credit cards dont use it for everything that you want to buy because sometimes the interest rates can increase or charge on the cards and it is hardest to get out of. People get in debt so easiy because they dont realize how much they are really spending on things they buy and they are not watching out for the charges that are hidden in these credit cards.

Critique of GDP Podcast

I'm going to critique Veronica and Lucy's GDP Podcast because I found interesting, it is the one that caught most of my attention than the others. The recording was loud and clear eventhough the pictures weren't that descriptive and relating to what they were saying. Also the information that was given was perfect, but they need more information about GDP. This podcast have mention a lot of things about GDP.

US Trade Deficit: getting better?

This article discusses about the trading around the world and the trade deficit. Trade Deficit really means a negative balance of trade in which a country imports more than it exports leaving it with a major debt. It occurs when we have more imports than exports. The US trade deficit is more likely to go down since in the future we will have less trade and we'll have more imports, and this can cause a drop on job opportunities. A weak dollar can help the US economy to go up because the more people spend the higher the economy will get up.

Taxes - How Does The Government Get Money?

Americans pay many different types of taxes to federal, state, and local governments. The American tax structure is progressive in nature, meaning that the more income someone earns, the higher his or her tax rate is. Taxes are like a "enforced contribution" to the government. This money is usually used by the government to fund many things that they need to be done, like protection of property, costs of war, fundations, etc.

Students Loans-Beware

Many students rely on federal government loans to finance their educations. These loans have low interest rates and do not require credit checks or collateral. Student loans also provide a variety of deferment options and extended repayment terms. I think that students in general take out large loans because they arent given the financial aid that they need to attend the college of their choice. Everyone wants to go to a good college and become successful. A good college is a very large expense, an expense that most people cant afford. In other words loans are taken out for what they cannot pay for or didn't receive in financial aid, so they would prefer to take loans and pay for them later. Also I think that student loans are essential when it comes for a college education.
In my way I'm going to take loans from my uncle because he is going to give the money without interest.