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Savings Rate of 2007
In 2007-2008, savings rates decreased during the economic crash. However, the savings rates of households increased until 2012. Since then, savings rates of households have started to decrease and it is projected that they will continue to decrease. This is a savings deficit and a result.
https://www.gfmag.com/global-data/economic-data/916lqg-household-saving-rates -
President Obama's Passing of the Stimulus
President Obama passed the American Recovery and Investment Act. This accomplishment and leadership of Obama led to unemployment claims to drop and private sectors creating more jobs than it was loosing. This is a fiscal policy and is a leadership deficit.
http://washingtonmonthly.com/magazine/marchapril-2012/obamas-top-50-accomplishments/ -
Affordable Care Act
The Affordable Care Act was put in place to help improve the idea of Medicare by increasing the quality of health insurance and making it more affordable. The act also established the Medicare-Medicaid Coordination Office which helps people who both have Medicare and Medicaid have the most cost effective plan. The act was designed to help uninsured people get quality healthcare. This is a fiscal policy and a leadership deficit.
http://kff.org/medicare/timeline/medicare-timeline/ -
Medicare Spending
Medicare counts for 14% of the total federal budget. About 50% of this budget was used for Medicare Advantage and Hospital Inpatient Services. The spending on Medicare has started to rise more slowly than in the past decade. This is a fiscal policy and a budget deficit.
http://kff.org/medicare/fact-sheet/medicare-spending-and-financing-fact-sheet/ -
California Home Prices Raise
Even though home prices in California are rising, property tax is only rising slightly. This is because of Proposition 13 which states that property tax can not increase by more than 2% each year to help contribute to the state budget. Since the prices of homes are rising so sharply and incomes are not, people predict that the housing market is becoming overheated. This is a monetary policy and budget deficit.
http://www.sacbee.com/news/politics-government/capitol-alert/article48004310.html -
U.S. Trade Deficit
In June, The U.S. trade deficit rose to a ten month high, increasing the trade gap 8.7%, to $44.5 billion. This is due to the higher demand and prices of oil, as they averaged $39.38 per barrel in June. This is a result and trade deficit.
http://www.cnbc.com/2016/08/05/us-trade-deficit-rises-to-ten-month-high-in-june.html
