The Debt Debate -- A 3rd Grade Lesson Plan
I was trying to think of a good analogy to the debt ceiling/deficit reduction debat this morning (because these are the things I think about while bored, ugh) and I thought this was fitting. Here is how I would explain the debate to a 3rd grade class.
Playing the role of the Tea Party is the boss and playing the role of President Obama is the employee.
Setting the scene: The boss needs a 20% improvement in this employee's productivity for the business to survive (assume productivity improvement - raise = business improvement), but the boss has promised the board of directors he will not give any raises this year.
Boss calls employee into the office for a meeting.
Boss: I'm going to need you to work 25% more this year than you did last year or the business will go under.
Employee: What do I get out of this?
Boss: You'll collect the same pay check you did last year.
Employee: But I'm barely scraping by at home. I can work more but I need a raise.
Employee: How about I work 20% more for a 10% raise?
Employee: 20% more for a 5% raise?
Employee:25% more for a 5% raise?
Employee: My final offer -- I will work 30% more for a 5% raise.
Boss: Get the hell out of my office. You're fired.
The boss is forced to hire a worker who will work 10% more than the previous worker for the same pay and a few months later the business is bankrupt.
Teacher: See how there were two offers made that would have kept the business afloat but because of a promise made to the board the boss was unwilling to give ANY raise. Does this made any sense if you want the business to survive?
And this is how I explain the debt debate to a 3rd grade class.