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Housing Market Crash (Budget)
Housing BubbleThe pop of the housing bubble put many Americans in financial need, The government spent millions of dollars trying to ease the financial tension on Americans. This contributes to budget deficit. -
College Tuition increases (Savings)
Tuition Statistics The increase in college tuition has led to more students taking out loans and going into debt. This contributes to the countries saving deficit. The specific date mentioned is the date of a tuition hike protest in California. -
ACA (Budget)
Obamacare The affordable care act will lead to higher taxes which will help the budget deficit. It also will lead to higher subsidies which will have a negative effect on the budget deficit. -
American Reinvestment and Recovery Act (Leadership)
ARRA The Recovery Act, in an attempt to stimulate the economy, funded tax cuts. This made evident that America faced a leadership deficit since the response was to lower and not raise taxes. -
Trade Deficit with China
Chine Trade Deficit On May 5th 2015, trade deficit with China was at an alll time high. This is caused by importing more of China's goods than exporting our goods. -
Clean Power Plan (Savings)
Clean Powr Plan The Clean Power Plan is focused more on eviromental efficiency and would make the cost of heating one's home go up. This will contribute to the savings deficit since there will be less money in the consumer's pocket.
