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Federal Budget Deficit
The U.S. federal government has been spending more on goods than it collects in tax. The fiscal outlook has gone down dramatically, and the federal debt has increased by trillions of dollars. This is manily from tax cuts, a costly war, lack of effective budget controls, and a relatively weaker economy. http://www.concordcoalition.org/iousa/americas-four-deficits -
Saving Deficit
The average household spent $575.00 over their budget. Not only is America increasingly spending more money, they are saving less. http://www.moneycrashers.com/the-saving-deficit-in-america/ -
Trade Deficit
Oil has a large, significant role oil in the United States. Because of that, it led to large declines in the overall trade deficit. http://www.cfr.org/united-states/implications-reduced-oil-imports-us-trade-deficit/p32245 -
Trade Deficit
Trade deficit in America declined in 2012 when trading with China. Non-petroleum products is was what was being traded during this time that cause a major decline. http://www.epi.org/publication/us-trade-deficit-china-oil/ -
Budget Deficit
The federal government took $680 billion less revenue than it spent. In 2012, it was $1.087 trillion. That means the deficit fell 37% in one year.
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/10/30/congratulations-america-your-deficit-fell-37-percent-in-2013/ -
Leadership Deficit
The government shut down caused many government-ran associations to stop doing their jobs. Such as, the mail services and garbage men, and many other federal agencies will stay closed during this time. This caused many people to stop earning income, so they had to start taking money out of their savings. http://www.washingtonpost.com/blogs/federal-eye/wp/2014/12/09/were-two-days-away-from-a-government-shutdown-heres-whats-at-stake/ -
Leadership Deficit
Leaders are suppose to be able to bring conflicts a resolution. But in this case, Obama can't help two groups make a compromise. Therefore, Obama doesn't show many leadership qualities. http://www.washingtonpost.com/blogs/the-fix/wp/2014/11/20/republicans-are-cool-with-compromise-just-not-with-president-obama/ -
Saving Deficit
We were rated as the country who saves the least. We don't get as many products in as we give out. Therfore, we are far into debt. http://www.economicshelp.org/blog/774/economics/list-of-national-debt-by-country/
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