This post relates to the following Keystone Economic Principles:
1. We all make choices.
2. There ain’t no such thing as a free lunch.
3. All choices have consequences.
4. Economic systems influence choices.
Many of you probably already saw the subject of this post, and it is now a bit dated. Nevertheless I think it's a valuable resource as your classes discuss the stimulus package out of Washington. I hadn't been able to find the link, but thanks to Mark Perry for providing digging deeper.
Last week's Washington Post had this graphic that broke down the various components of the package as it then existed. While there have been some changes, and further changes may yet happen, I think it offers your students an interesting visual representation of the breadth and depth of the proposal, as well as enough detail to provoke discussion.
At the very least, it provides a platform to discuss the potential consequences of the package (positive and negative), as well as how the package changes the "rules", the institutions in our system that shape our choices.
I hope you find it useful.
A couple more items to use in your classroom discussion.
This first is a table showing the differences between the House and Senate versions of the package.
The second is another graphic that breaks down how the compromise package is divided among tax cuts, spending, and aid programs. It also lists some examples in each category.