Econ / May 16th / Budget Simulator
16 May 2011 Leave a Comment
in Unit 3: Macroeconomics, Unit 4: International Econ, Unit 5: Development Econ
Appropriately, today is “Debt Ceiling D-Day”. In other words, we will hit the debt ceiling at some point during the day today. Here are a few articles I would like you to read:
- US dipping into pensions as it hits debt ceiling (Reuters)
- Debt Ceiling D-Day (ABC News)
- Feds Reach Debt Ceiling (Wall Street Journal)
Today in class, your goal is to see if YOU can lower the US budget to $12.8 trillion (60% of GDP). We will use the CRFB budget simulator.
