Friday, February 28, 2014
This Week's Activities. Government Spending and Such Stuff
This week was actually really interesting. We delved deeper into the circular flow chart that out American economy is based on (modified free market). In this, the government collects taxes and spends them and gives subsidies and creates infastructure.... the government does ALOT. There are different types of spending that the government performs that I didn't even know existed! I thought that all spending is necessary, or mandatory spending. I didn't know that discretionary spending was a thing. And I found out more about Medicaid and Medicare, which always seemed like just this cloud of something far away in the distance of my mind that I knew was a topic of political discussion, but I never really knew what it did or for who. I mean, I personally learned a lot this week in Econ and I really hope that I got a great grade on my test so that 3rd block can get milk and cookies!! Let's go 3rd block!! WHOOHOO
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I also liked learning about the government's interaction in our economy. We don't really realize everything the government does for us! Cool observations, Maddie!
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