Taxes - How Does The Government Spend Money?

Medicare, military expenses, transportation, education. These are just a few things that the gov. spends money on. They spend money on the war in Iraq, jails and parks. New york mostly spends it's money on education economic growth and medicaid for old people. The government spends most of our money on "the war on terrorism".

Savings and debt.

The problem with Americans is that we don't know that we are being suckered into getting credit card and racking up debts. They don't think about the interest rate or how high it is. They either don't know or don't care that the interest rates are getting higher and higher making it almost impossible to pay back all at once. So people have to scrounge and save to cover maybe half their debt. Maybe the problem is that the price of products are continually going up but the average income is staying the same.
But saving money isn't a problem in just the USA it's a problem across the world. The saving rates France, Britain, Italy, Germany, and Japan have all gone down.

How does the gov. get money?

Program", Social security checks, and other government We as a people are charged a lot by both the state and the government(taxes). It is usually put to good use because it can help out the country or you individually. It pays for "The Special Supplemental Nutrition Program for Women, Infants, and Children - better known as the WICassisting programs. There is a federal tax which includes income, excise,estate, gift and payroll taxes.There is a tax on inheritances taken by the state(inheritance tax).There is also a thing called property tax which is a tax on important things you need like a car or a house.

Student loans-beware

Read the article and some of the blog comments about student loans. Why do you think some of these culinary school students took out such large student loans? What is your feeling on student loans? Do you plan on taking out any student loans? If so - for approximately how much?

I think that these culinary students took out such big loans because they thought that when they got out of college they could pay back the amount that they have taken out. Personally i am not a big fan of taking out a loan. It can mess up your financial standing. I don't plan on taking out any student loans because i got a couple of grants.

how to save money

The article was about how expensive it is after college. It talks about how you should start saving money because it will all eventually add up to a substantial amount. I think that this a very good piece of advice. to save i can cut down on buying Chinese food. I could stand to use less electricity.