Unit Assessment: Federal, State, and Local/Municipal Budgets. Full-period test.

Review for Unit Assessment: U.S. Federal Budget, State Budgets, and Local Municipal (County) Budget process. Discussion of how municipal budgets are established by City/County commissioners in conjunction a mayor. Requests for additional Municipal funding often occurs through a Voter Referendum . Review of numerous key terms and specific budget processes.

State Budgets: Revenue and Expenditures. Local/Municipal Budgets: Common Expenses and Revenue Sources.
Federal Reserve Bank: Effect on consumer interest rates, the economy/inflation, and guarantee (FDIC) of private banks deposits of citizens. Local/county budgets: Property Tax as main source of revenue.

State Budgets: Categories of common major expenses: Medicaid, K-12 Education, Security/prisons, transportation, entitlements/welfare, and environment projects. Revenue sources for States.: Federal Aid, Corporate income taxes, sales tax on goods/services, personal income tax etc. Requirement for States' Balanced Budgets.

Introduction to State Budgets and Revenue: Video on State Budgets, Revenue from Federal Government.
State Taxes and Budget common budget allocations.

U.S. Federal Government Budget process: Appropriations Bills, Deficit Spending, National Debt, Entitlement Programs. State Government Budgets: Federal Funds allocated/appropriated to states from various committees and influential congress members. Intergovernmental Revenue: State revenue received from the Federal Government.

U.S. Federal Budget Process: Role of Congress in reviewing, revising, and approving the Federal Gov't Budget.
Appropriations Bills: Congress committees of both the House of Rep. and Senate write and send spending bills to the U.S. President for approval. Video on U.S. Federal Budget Process noting its level of complexity.

U.S Federal Government Budget: Proposed by U.S. President and approved by Congress. Mandatory Spending, Discretionary Spending, Appropriations Bills legislation by Congress etc.

Propaganda: Definition , uses , and examples. Wartime propaganda used to recruit new soldiers and public support. Bias in propaganda, Censorship of publications and media, Propaganda involving "selective omission" of information. Video describing Germany's and Great Britain's use of propaganda during World War 1.

U.S. Federal Government Budget: President proposes Fiscal Year budget, U.S. Congress approves or rejects budget. Government Fiscal Year Oct. 1st through Sept. 30. Ofifce of Budget and Management director assists with preparing and managing the budget. Current U.S. Gov't. FY Budget is approximately 7 trillion. Concept of Deficit Spending explained. Appropriations of budget dollars determined by the U.S. Congress. During today's important topic on the U.S. Federal Government Budget, PJ was very attentive and on-task.