Last week, the Federal Government introduced its budget to the House of Commons. Jim Flaherty, the minister of Finance, had to make some serious decisions based on the global economy and the ideology of his political party. Here is a pretty cool summary developed by the Globe and Mail that explains where the Government has cut spending and where they will be increasing spending: Globe & Mail Infographic.
Once you are pretty comfortable with what has been cut and what has not, try your turn at creating a budget. How do you ensure the GDP remains consistent or better than that of other countries? Is this important? What should our priorities be? Try creating a budget using the Centre for Policy Alternatives software and then comment on what decisions you made. Please keep in mind that both Econ and Grade 9 students will be participating, so try and include everyone.
Please be sure to comment on the posts of others. Blogging must be completed by Wednesday, April 4th at 11:59 CST.