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Savings Deficit: Great Recession
During 2008-2009, there was a recession because the morgage bubble broke and people were unable to pay for their homes because they had not saved apporpriately and had bought homes they could not pay for. This caused a cutback in consumer spending and many people to lose their jobs. http://stateofworkingamerica.org/great-recession/ -
Trade Deficit: Imports and Exports
http://www.tradingeconomics.com/united-states/balance-of-trade
As a result of America’s unequal imports and exports ratio, the economy is suffering from a severe trade deficit, mostly as a result of importing large amounts of oil and consumer products. The government placed sanctions on Iran in 2013 to try to help with this problem. -
Budget Deficit: Obama Care
Obamacare will increase the national debt by 6.2 trillion.
Started March 2010.
Fiscal policy.
Obama increased debt by raising taxes. It hurts seniors, hands out a free ride and millions lose coverage.
Because of this US is not only in foreign Debt, but is now it's a domestic country.
http://obamacarefacts.com/obamacare-facts/
(http://www.timetoast.com) -
Savings Deficit: Saving Rates
In 2012, studies showed that 44% of Americans were not saving proficiently to be able to survive without a job for more than three months. This is a result of the fiscal and monetary policy failures. http://www.businessinsider.com/us-savings-rate-problem-2016-5 -
Leadership Deficit: Government Shutdown
The Senate refused to pass a bill delaying Obamacare and the legislature could not compromise by the end of September, 2013 so the government shut down because they did not have enough money at the beginning of the 2014 federal fiscal year. http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/quora/2013/10/03/why-did-the-u-s-government-shut-down-in-october-2013/&refURL=https://www.google.com/&referrer=https://www.google.com/ -
Leadership Deficit: Election
The presidential campaign of Trump vs. Clinton (which started in November of 2015) has raised serious questions about leadership ability and quality. It is both Fiscal and Monetary Policies. http://www.cheatsheet.com/stocks/10-most-important-economic-events-of-2013.html/?a=viewall
