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Period: to
Savings Deficit
Personal savings rate fell from 5.5% to 2.6%
http://www.cnbc.com/id/100700580# -
Period: to
Budget Deficit
Too much spending on the war in Iraq and Afghanistan caused a massive budget deficit.
http://www.americanprogress.org/issues/budget/news/2012/01/31/10998/what-caused-this-years-deficit/ -
Leadership
Charles Evans became the president of the Federal Reserve Bank
http://www.federalreserve.gov/aboutthefed/bios/banks/pres07.htm
Picture: http://www.umflint.edu/news/wp-content/uploads/2012/09/Federal-Reserve-Seal-logo-460x460.png -
Leadership
Obama is inaguurated as the 44th president of the United States.
http://www.boston.com/bigpicture/2009/01/the_inauguration_of_president.html
Picture: http://a5.files.biography.com/image/upload/c_fill,g_face,h_300,q_80,w_300/MTE4MDAzNDEwNzg5ODI4MTEw.jpg -
Budget Deficit
$787 billion economic stimulus package launched by Obama. Cut taxes, extends unemployment benefits, and funds public works to create jobs and kickstart the economy.
http://useconomy.about.com/od/fiscalpolicy/p/deficit.htm
PIcture: http://www.townofdurhamct.org/images//public%20works%20guy.gif -
Savings Deficit
The U.S. retirement savings deficit is between $6.8 and $14.0 trillion.
http://www.nirsonline.org/index.php?option=com_content&task=view&id=768&Itemid=48
Picture: http://www.getretirementplans.com/wp-content/uploads/2012/11/retired-happy-guy.jpg -
Trade Deficit
Over 2.7 million jobs eliminated or displaced because of the U.S. trade deficit with China.
http://www.epi.org/publication/bp345-china-growing-trade-deficit-cost/
Picture: http://upload.wikimedia.org/wikipedia/commons/f/fa/Flag_of_the_People's_Republic_of_China.svg -
Trade Deficit
U.S. trade deficit with China reaches record high of $30.9 billion
http://www.marketwatch.com/story/us-trade-deficit-with-china-hits-record-high-2014-09-04
