Taxes-How Does The Government Spend Money?

The Federal Government spends tax money on repairs for the city suppoedly and pay the people that are retired. I think that money go to welfare and medicaid. The Government spends the money in education, it pays off the debt the country has, health and human srvices, and the treasury.
New York state spends it it's taxes on repairs, health plans, education, and transportations. The taxes goes mostly to health plans or anything that has to do with medacine but only New York State. A lot of money goes in parks and jails because parks are for the community and you need to feed the people that are in jail.

Saving and Debts

I think this country just kills people with the interest because if you make a late payment you have to pay a late fee and I understood that the interest goes up. That's just insane because at least the people should get at least a warning. People get in dabtsos easily because they buy houses, they buy stuff with the credit card while the interest is very high and they get even in more debt. Finance charges are dangerous because their interest rates are high and you get a fee if you miss a payment and the interest rates goes even higher. Americans don't save money anymore because the high interest and the debts they are in and they can't finish paying it off. The saving rates in America went down in the couple of years because of the interest rates and people can't pay it off and then dont save because they don't have money left over.

Critique of GDP Podcast

The Podcast that I liiked was Franchesca's and Roshanjit's (http://www.mmoloneyiths.com/econ/podcasts/gdp/rosh-fran.mov). This podcast was very informative and it gave good information. It explained the GDP thorougly it was good. The recording it was good it was very loud and clear I understood everything they said. The pictures were good but some were cut of you couldnt see the whole pictures but it was good because it went with what they said. Yea the podcast was very creative they were like teachers and the listeners were students. I liked especially the ending. Yea I learned a lot of things for example the GDP and other stuff. It was very educational this podcast should get a 99 lolzzzzz.....

US Trade Deficit: getting better?

This article is discusing about the trade defecit and the trading all over the world. Trade defecit is the trading that occurs all over the world and the debt they are in. The US trade defecit is likely to go down because we will have less trade and we will have more import than exports. And probably we will have less people working. It doesnt matter it could be a dollar you will still help the economy to go up because the more people spend the economy will go up. In China know they are selling KFC and McDonalds to bring our economy up.

Taxes-How Does The Government Get Money?

There are three types of taxes there are federal government taxes, state government taxes, and local government taxes.
The government gets it's taxes by deducting in it from your check. That is why many people prefer working of the books because they deduct nothing from there. For example you are working legally if your earn 1,000 with taxes and everything you will probably take like 700 dollars. And if you work of the books you just get 1000 without any deduction. But working legally is better because when you report taxes you could retire and when you work of the the books you can't.
The government deductes your taxes by taking it away from pay check.
One federal tax is the IRS.
The state taxes is when you own a property or a store and you have to file taxes for that and they take away your money or you pay taxes for your property. And when they charge taxes on clothing that's a state tax. Because sometimes in other states they don't charge tax for that item.

Student Loans-Beware

I think sometimes students take out big amonuts of money to go to trips or buy stuff for them. And some colleges are just expensive and some people can't afford it and they still go to that college. I think student loans are good but for the people that are responsible and use it just for college and for your carrer. Yea I will take a student loan but I will probably ask for $20,000 because I'm not going to take out a lot of money then I couldn't pay back and then the interest are going to kill me.