The Concord Coalition
Published on The Concord Coalition (http://concordcoalition.org)

The Penny Game



2010 Edition

Players will work in teams of 4 or 5 players per team.

Objective: To learn how much the federal government collected in revenues and borrowed in fiscal year 2010 and how those funds were spent. (FY 2010: 10/1/09 - 9/30/10.)

Income Board

Spending Board

Income board

 

 

  • 2010 Income Answer Sheet
  • 2010 Spending Answer Sheet

Preparation:

  1. Make copies of Income and Spending Boards using cardstock or colored paper.
  2. Prepare a bag of 100 pennies or beans for each team. Each bag should contain 63 white beans and 37 red beans. If using pennies, leave 63 pennies bare and cover 37 pennies with red tape.

Explanation: When using the Income Boards, each bean/penny represents almost $35 billion or 1% of the 2010 federal government taxes collected and money borrowed. Figures will not be exact due to rounding. There are 63 white beans/pennies and 37 of another color because the government collected 37% less than it spent in FY2010. The income figures are represented as a percentage of outlays. FY2010 income was 63% of outlays, which is another way of saying we had an 37% deficit

Give each team a Penny Bag and an Income Board. Ask teams to distribute the 63 pennies onto the 4 tax squares of the Income Board according to where students think the taxes came from. When completed, give the correct answers as shown on the chart.

Explanation: When using the Spending Boards, each penny represents 1% or approximately $35 billion of federal spending. See the additional sheet for more details about programs that are included in each category.

Distribute the Spending Boards. Using all 100 pennies, each one representing 1% of the budget or $35 billion, have teams distribute pennies among the 9 spending categories according to where they think the government spent the money in 2010. Give the answers and have them move correct amounts onto the squares so they can visualize the comparisons.

ADDITIONAL INFORMATION 

  • Health includes Medicare, Medicaid, safety/health inspections, and veterans health programs.
  • Income Security includes unemployment compensation, housing assistance, food stamps, nutrition programs, general retirement and disability insurance, (excluding Social Security), and other income security programs.
  • Education counts all Department of Education outlays; and job training, employment and social services. Keep in mind that most education spending is from the state and local level, not from the federal government.
  • International Affairs (was called foreign aid) includes development and humanitarian assistance, international security assistance, conducting foreign affairs, foreign information and exchange programs and international financial programs.
  • Other includes homeland security; science, space and technology; National Institutes of Health; energy; agriculture; commerce and housing credits; health-related research support; postal service; deposit insurance; transportation; community/regional development and disaster relief; veterans benefits and services (except health benefits); justice and general government.
  • Actual figures may not add up, precisely, due to rounding.

DEFICIT: The FY2010 deficit was $1,294 trillion. The 63 white beans or bare pennies represent the amount of federal taxes collected and spent in FY2010. The 37 red beans or covered pennies represent an additional amount the federal government borrowed and spent in FY2010.

TIPS: Make boards and answer sheets into overheads for use with large groups. Try this game at a meeting or have your students lead it in other classrooms.

For current information on budget related issues, visit Concord's website at: www.concordcoalition.org.


Source URL: http://concordcoalition.org/penny-game-0