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In 2007, Personal Savings Rates decreased to approximately 2.5% and this was the result of the competitive Stock Market in the United States. This would fall under the deficit of savings.
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The United States trade deficit in goods and services fell 6.8% in 2007 from $758.52 billion to $711.61 caused by a major fall out in imports. This would fall under the trade deficit.
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This falls under the Budget deficit and it was when the United States was at $410 billion budget deficit. This was deficit increased since 2007 because that is when Obama's presidency began and he used more of the governments money than the previous president: Bush.
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In 2009, the Federal debt increased to $10.6 trillion and this was caused by the Obama administrations new creation of Obamacare that required more money from the government. I would consider this deficit to be leadership because the government isn't taking their debt seriously and instead adding to it.
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This is an example of the leadership deficit in America because many Republicans tried to delay and defund the passing of Obamacare by trying to gain concessions from Obama.
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The difference between the amount of imports and exports created a trade deficit with the imports costing $239 billion and the exports costing $187 billion, which had a negative effect on our economy.
