Blog 4

Part 1;

     So, for the most part we learned a lot about the three economic questions. What? How? and Who consumes? We also learned about the types of economies: Traditional, Centrally Planned, Free Market and Mixed. And that the united states is a mixed government where for the most part the citizens are free to do what they wish and have to be efficient to survive well but the Government does intervene on somethings so it's not a total free market society. And we also learned about the 6 basic goals, Economic: Freedom, Efficiency, Equity, Security, Stability, and Growth.

Part 2.

     1. One of the many goals he addressed was the jobs status in America. He's supposedly trying to create more jobs for those without jobs.

     2. Apparently there is a budget compromise that will allow more money for creating more jobs.

     3. The benefits are the possibilities of making more jobs and making our country more of the first class country it's supposed to be.

     4. The costs would be in the margin of even though creating more jobs is good for the people more of the budget we supposedly have should be going towards the substantial debt they we have dug ourselves into as a country over the last few centuries. I know that a lot would say there isn't much to do about that much debt and we have to worry about our current needs. Well ... what if the countries we owe money join together and say; HEY! America hasn't paid us anything in forever! Let's Take em down! What would we do? Another war means most likely another debt. Our every day money goes down in value due to inflation and a Crazy amount of Debt.