Saturday, July 30, 2011

Current Events Articles #3 All Things Debt

New York Times Background Article

I know these issues are really confusing for high school students who HAVEN'T completed the AP Government course yet. If this were happening during the school year we could discuss it in class and I could answer your questions. Since we can't do that, this article might help you understand the crisis. Understanding some vocabulary will help. Try to understand the following terms: deficit, budget, debt limit, default, and national debt.

New York Times House Budget Plan Article

Legislation must be passed by both the House of Representatives and the Senate and then signed by the President. The House passed a budget plan, the Senate rejected it, so the President will not even deal with it.

New York Times Budget Plans

Here is a history of the plans offered by various members of Congress. You do not need to memorize the different plans, be able to identify the major differences among them and the points that are preventing compromise.

This week the President used his access to the media to address the nation directly. If you missed it (as many did because it is summer) please watch the address on C-Span.

Speaker of the House Boehner also used the media to respond to the President. If you missed it, please watch it on C-Span.

Washington Post Article on Senate vote

The Senate is going to try to solve this situation with a vote on Sunday. This article is an update on that process.