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Baby Boomers Retiring
Baby Boomers are starting to retire, which is later than planned due to the recession which wiped out many savings. As Baby Boomers retire the savings the US has for social security and other programs begins to decrease rapidly. Deficit Area: Savings
Monetary Policy https://fivethirtyeight.com/features/what-baby-boomers-retirement-means-for-the-u-s-economy/ -
Government Shutdown
The impact of the government shutdown on the economy wasn’t as bad as expected. The total cost on the economy was about $24 billion. The reason behind the government shutdown was because they didn’t have the fiscal funds to begin a new year.
Deficit Area: Leadership
Result
http://www.businessinsider.com/economic-impact-of-government-shutdown-2015-9
http://www.forbes.com/sites/merrillmatthews/2013/10/21/what-really-hurts-the-economy-government-shutdowns-or-obamas-economic-policies/#656815035c27 -
LGBT owned businesses bring in tons of money.
Businesses owned by members of the LGBT community brought in $1.7 trillion to the US economy in 2015. Businesses certified by NGLCC (National Gay and Lesbian Chamber of Commerce) brought in $1.15 billion. Deficit Area: Budget
Fiscal Policy http://www.dailydot.com/irl/lgbt-businesses-economy/ -
Gas Prices Dropped
Gas prices around the country have seen a drop since the middle of 2016 to the present. Oil companies are being forced to close, due to gas selling at a lower price. While oil prices drop, the prices for other resources like copper and aluminum rise. Deficit Area: Trade
Result http://www.npr.org/sections/thetwo-way/2016/08/28/491375983/since-2012-the-economy-has-changed-and-so-has-the-conversation
http://www.npr.org/2016/01/28/464726409/why-cheap-gas-might-not-be-good-for-the-u-s-economy -
Unemployed Workers per Job Opening
The amount of job opening compared to people looking for work has a fairly large gap. There were 5.5 million job openings and 7.4 million people looking for work. Deficit Area:Budget
Result http://www.cbpp.org/research/economy/chart-book-the-legacy-of-the-great-recession -
Trump withdraws from Trans-Pacific Partnership
President Trump made an executive order for the USA to withdraw from the Trans-Pacific Partnership. He claims that this will bring more jobs to the US instead of overseas. Deficit Area:Trade
Fiscal Policy Video and Source:
https://www.washingtonpost.com/business/economy/withdrawal-from-trans-pacific-partnership-shifts-us-role-in-world-economy/2017/01/23/05720df6-e1a6-11e6-a453-19ec4b3d09ba_story.html?utm_term=.3581fdd01fb2
