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Savings
Since the early 2008 to the present, Federal Reserve holdings of U.S. Treasuries have increased by about 240 percent http://defenseofcapitalism.blogspot.com/2011/05/monetary-policy-federal-reserve-and.html -
Stock Market Crash
People who didn’t have much money took out loans they couldn’t afford. Lenders could afford to write bad loans as long as the homeowner's equity(Persons houses cost more than they are worth) outpaced their desire for new debt. If borrowers were to fail to pay back their loans, lenders could always foreclose on the home, since it was an asset with ever-increasing value. (http://www.money-zine.com/investing/stocks/stock-market-crash-of-2008/) -
Budget
As a percent of Gross Domestic Product (GDP), the deficit fell to 4.1 percent, representing a reduction of more than half from the deficit that the Administration inherited when the President took office in 2009. (http://www.whitehouse.gov/blog/2013/10/30/deficit-more-cut-half-2009) -
Leadership
VideoIn order to stimulate the fiscal economy, President Obama signed the first-time homebuyers tax credit (http://money.cnn.com/2009/11/06/real_estate/tax_credit_extended/) -
Savings
On July 1, 2012 the interest rate for some new federal student loans is scheduled to increase to 6.8% from 3.4% http://usatoday30.usatoday.com/money/perfi/columnist/block/story/2012-04-30/student-college-loans/54647578/1 -
Leadership
Government Shutdown (October 1, 2013) - The fiscal year ended and Congress had not yet passed the budget bill for the next fiscal year. (http://www.cnn.com/2013/09/30/politics/government-shutdown-up-to-speed/) -
Costly Fruit
The prices of apples, grapes and bananas went up way too high for the likes of many Americans so the fruit to eat in 2013 was oranges. -
Budget
URLThe House approves a $1.1 trillion spending bill for the current fiscal year despite threats from the Tea Party.
