-
Budget & Leadership - Iraq and Afghanistan wars causing major debt still being paid off today
The U.S. was put into wars in the Middle East after the attacks on 9/11. Between the years of 2001 and 2014 the US spent $1.6 trillion on both of these wars. This is budget and leadership because our leaders put us in a war effort that we could not afford to be in, and is a result because of the monetary and fiscal responsibilities of the U.S. government.
Enter Link text -
Trade-Arctic Sea Ice Decreased Exponentially
In the summer of 2007 the famous Northwest Passage of the Arctic circle opened, because of the raising global temperatures. The opening of the passage led to ships being able to pass through without the assistance of icebreakers. Therefore, leading to much faster deliveries, and higher profit for all countries involved in the shipping industry. And adding another fiscal situation in the economy.
Enter Link text -
Budget & Savings - Subprime Mortgage Crisis
Triggered by a decline in home prices after the collapse of the housing bubble. U.S. housing prices fell nearly 30% on average and the U.S. stock market fell approximately 50% by early 2009. This is budget and savings because people had bought houses and could not afford to pay their mortgages. This occurred as a result of changes in both monetary and fiscal aspects of the economy.
Enter Link text -
Budget - The Great Recession of 2007
Starting in 2007, home prices fell approximately 30% on average, from their mid-2006 peak to mid-2009. The net worth of US households and nonprofit organizations fell from approximately $69 trillion in 2007 to $55 trillion in 2009. The United States created fiscal stimulus programs and used different combinations of government spending. This is budget because the Federal Reserve depended on the money of the people. Enter Link text -
Trade - North American Free Trade Agreement
North America made an agreement with Canada and Mexico to lower prices on tariffs, and exports. So, US companies are moving to Mexico for cheaper labor, and cheaper exporting. This means Americans will be losing jobs, and, as a result, will deeply affect the US economy.
Enter Link text -
Trade & Savings - Oil Prices Reaches New Heights
Starting in July of 2008, the nation’s gas prices increased and eventually reached almost five dollars a gallon. The prices continued to rise, causing people to not save money because of the increased amount of money going to their gas bills. Thankfully, relations with Iran, our common oil provider, have improved, and prices have now dropped steadily and still do so today.
Enter Link text
