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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
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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/
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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
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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/
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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/ -
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/
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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/
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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/
