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Affordable Care Act- Leadership and Budget
The goal is to give more Americans access to affordable, quality health insurance and to reduce the growth in U.S. health care spending. Affordable Care Act, is a United States federal statute enacted by President Barack Obama on March 23, 2010. This is under the leadership and Budget deficit categories because it effects tax and it was created by president Obama
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Leadership Crisis
The article explains how America lacks leadership in this critical time where things need to change in order to illicit success. If we had better leaders we would have more jobs, our GDP growth would improve, and the economy overall would improve.
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savings deficit- Americans don't save enough
Most Americans do not have enough savings to cover a $500 dollar emergency. It explains that more than 50% of americans do not have more than 1,000 dollars in their checking and savings accounts combined. It also explains how personal income corresponds directly to personal savings. This falls into the Monetary category. Link Text -
Trade Deficit- Embargo with Cuba lifted
The president negotiated with Castro and congress to lift the embargo on cuba. President obama flew to cuba himself to meet with Fidel Castro. He was the first president in 90 years to visit the island. This was a trade Deficit because we were not able to trade with Cuba and therefore we were unable to export more goods. (fiscal Policy) link text -
Trade Deficit with China
The article define what the deficit with China ($343 billion) and the causes of the deficit. It also explains how the deficit effects the US economy. It also explains what measures are being taken to help this deficit such as raising the price of Chinese exports. It falls under the monetary category because it effects exchange rates.
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Budget Deficit- Current US federal Deficit
For Fiscal Year 2017 (October 1, 2016 - September 30, 2017) the U.S. Federal budget deficit is $503 billion. Spending on things like medicare and other mandated programs takes up much of the revenue each year. The article also explains how congress and the president's plan to over spend each year, however this spending has gotten out of hand. (result) Link Text
