Economy Timeline Group 3

  • Budget-Social security

    Budget-Social security
    Social security is starting to face major problems as the baby boomers are increasing the amount of retired people. About 60 million retired people, spouses and children get monthly Social security payments which will grow to 90 million in the next two decades. Social security falls into budge because provides monetary assistance to people.
    http://www.newsmax.com/Newsfront/social-security-turns-80/2015/08/09/id/669208/
    Result
  • Budget- Obamacare

    Budget- Obamacare
    The official name is the Affordable Care Act. The goal is to give people affordable, quality health insurance. It was also created to reduce the amount of money the U.S. spends on healthcare. Obamacare is budget because it makes healthcare affordable for everyone.
    http://obamacarefacts.com/obamacare-facts/
    Fiscal
  • Trade-Trade barriers

    Trade-Trade barriers
    Trade barriers are things that government or authorities show to make public businesses and and imports less competitive than goods being produced locally. It can fall between rules or procedures as well as technical requirements. Trade barriers fall under the category of trade because it involves imports and exports.
    http://um.dk/en/tradecouncil/barriers/what-is
    Fiscal
  • Leadership- Federal Law Enforcement Self-Defense and Protection Act of 2015

    Leadership- Federal Law Enforcement Self-Defense and Protection Act of 2015
    The Federal Law Enforcement Self-Defense and Protection Act of 2015 gives officers the legal right to be armed during an official furlough. The firearm has to be government issued and legal. This being allowed offers more protection among the people when an emergency incident comes around. This act is leadership because it was a law Obama passed.
    https://votesmart.org/public-statement/1079577/federal-law-enforcement-self-defense-and-protection-act-of-2015#.V8R0G00rLC0
    Fiscal
  • Savings-Personal Saving Rates

    Savings-Personal Saving Rates
    Personal saving rates are the percentages of somebody’s disposable income that they decide to save. The average personal saving rate in the US right now is about 5%. This is too low and the recommended amount it 10%-15%. Personal saving rates fall under the category of savings because it measures how much people save.
    https://www.nerdwallet.com/blog/banking/american-personal-saving-rate/
    Result
  • Trade-Trade Deficit

    Trade-Trade Deficit
    The US is importing wayyy more goods than it is exporting. While the deficit is being decreased slightly it is still at 40 billion dollars. While that is the lowest it has been since February of last year the government is still taking steps to decrease it. The trade deficit is trade because the import exceeds the export.
    www.tradingeconomics.com/united-states/balance-of-trade
    Result