Thursday October 17

We kicked the can down the road, and January 15 is when its going to be hit again. House votes 285 to 144 to end govt. shutdown, and they raised the debt ceiling to February 7. Ultimately our government needs to change the taxes; mostly charge the wealthy more; and cut funding in order to lower the amount of debt the U.S. is in. Republicans were able to change Obama care a little, but it is not all what they wanted. They wanted to shutdown Obama care all together. Coup d'état is an overthrow of government.

Economic Systems

Socialism - Government owed

Capitalism - People owned

Mixed economy (U.S.)   - Government has power, but so do the people.  

Types of Government 

Democracy

   a. Direct - People are in complete control; everyone votes for what is going to happen. (Majority rule)

   b. Representative - The People elect representatives to run the government.  

Monarchy

   a. Constitutional - King/Queen has limited control. (More of a figure in society) 

   b. Absolute - King/Queen have total control. ( Exactly like dictatorship, but with royalty) 

Communism

a. Practice -  Government controls EVERYTHING. (Only one leader/party)

b. Theory - Carl Marks (German) came up with the theory that the vast majority of people in the world are not well off so they will eventually get tired of the rich controlling everything, and eventually overthrow the government making everything equal.

Dictatorship - One person controls all.

Anarchy - Absence of government.

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