Leave your class with a clear understanding of the difference between the federal deficit and debt, the effects of raising the debt ceiling in order to fund borrowing costs, and the risks of defaulting on governmental obligations, such as Social Security and Medicare.

Concepts

deficits, debt, the national debt, economics, economy

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Additional Tags

federal deficit, social studies

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Classroom Considerations

• This video is hosted on YouTube

Pros

• Explanations are organized, straightforward, and supported by illustrations/graphs
• Interesting questions and comments found below the video that can be used to prompt discussion and/or further research

Cons

• None

Common Core

SL.9-10.5 SL.11-12.5 RH.11-12.7