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2012 BCE
How Savings have Impacted the Deficit
The CBO found that the largest contributor was the Obama tax cuts, which were an extension of the Bush tax cuts. They added $858 billion to the debt in 2011 and 2012. -
How Leadership has impacted the Deficit
Obama has actually lowered the national debt which America would be facing.Obama walked into office with a $1.4 trillion deficit then passed a new package.Bush just bailed out of a $700 billion bank bailout.This new package passed by Obama: $190 billion package to the Congressional Budget gave about $100 billion.This $ provided spending $ to help cut taxes and raise over $79 billion.If Obama didn't use $ the way he did, there would be a $21.3 trillion deficit earlier,worse than it currently is. -
How Poor Budgeting has Impacted Deficit
The ARRA was criticized for increasing spending/decreasing taxes. Its goal was to add 900,000 to 2.3 million jobs and pull the country out of recession. The GDP was supposed to grow between 1.4 and 3.8%, however the economy instead contracted by 2.8% in 2009, so even though there was improvement America remained in recession. In October of 2009, the stimulus plan had only created 640,329 jobs and America labeled it as a failure for increasing debts and not decreasing unemployment. -
How Leadership has Impacted the Deficit
Obamacare is an issue that has been said to raise the deficit in the US.This is bc over $1.76 trillion was used to create and execute the program correctly.This large spending is blamed for the US deficit but it would have been $1 billion more to execute an alternate plan. Without this act, most people would be in debt and then cause the US debt to increase bc of the domino effect.This will change bc of the new President elect who plans on removing the Affordable Care Act, we will have to see -
How Trade has Impacted the Deficit
In 2015, the deficit on goods and services was $500.4 billion, which was significantly higher than the $490.2 billion deficit in 2014. The deficit occurred because exports-commercial aircrafts, automobiles and food, at $2.3 trillion, were lower than imports-automobiles, petroleum, and cell phones, at $2.761 trillion. -
How Savings Have Impacted the Deficit
direct lending: the federal government now has to provide the actual loan funds that go to the higher education institution, which requires the federal government to actively borrow by issuing more Treasury debt, which in turn increases the debt held by the public. This change has had an impact on Uncle Sam's books -- before the switch in 2010, direct loans were around $150 million. Today they approach $900 million. -
How Trade has Impacted the Deficit
In November of 2016, The United States experienced their biggest trade deficit in 9 months increasing the trade gap by $2.9 billion, which totals to $45.2 billion. Exports fell by 0.2%, due to lower shipments of civilian aircraft, and imports rode by 1.1%, due to crude oil purchases.
