Reflection Blog (27 February 2014)

For this weeks class, we learned about government spending, fiscal policy, and public transfer payments. We also learned different tax bases and tax structures. The people of Weserville got paid too and we have to demonstrate the progressive,  proportional, and regressive tax structures with the money that we just received (p.s. Jean Yanez did not get paid :D because he missed that day). We played a game which let us decide on the government spending which is hard for me since I did not know how to play and we only had a few minutes left in class. Another thing we did this week was watch another 20/20's video which talked about government spending and decide on what programs Weserville should keep (which was hard since they all had their benefits and if we do not fund them then they are gone for good). 

I found it very interesting in the 20/20's video on how government spend some of their money. What really shock me was that Alaska decided to build a bridge to Nowhere which would cost billions of dollars and only about fifteen cars use them (yea..... it is not like the United States is already in trillions of dollars in debt). Another thing is that the government spend billions of dollars to look for aliens instead of using it to help our nation/economy. What surprise me the most is that the senators get all worked up and offended because one of them (I cannot remember his name) thinks it is a terrible idea. 

This is related to economics because with these information, we could use them to help us find what is the most beneficial to the nation. It could also help us one day to balance our government spending and maybe increase the income. It lets us figure out how much money to spend on a certain program and to figure out if it is helping or not.