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The Economic Impact of the Iraq War and Higher Military Spending
This article talks about how the military spending during the Iraq war in 2007 was going to cause negative effects in the future like the slowing down of economic growth and less jobs. -
Obamacare Impact
When obama care was first put in place it was believed that it would reduce the deficit by around $131 billion but now all hidden expenses are coming out, now it is said to put us in the next 10 years $460 billion. Over the next 20 years the projected cost for the government constantly increases, putting us in more debt then it would ever get us out of. -
The truth about whos responsible for the deficit
President bush was the first president to inherit a budget surplus, but then the recession hit hard and he took us into high amounts of debt. He did this by spending a lot and cutting taxes this grew the debt by $400 billon a year, until the economy became strong again then crashed once again. This was all passed to obama and he did not change much in the budget but kept spending. It was a joint failure between bush cutting taxes and obama spending so much money during his terms. -
Houses Being Repossessed
The amount of houses being repossessed has gone down by 29 percent as of 2014, this is the lowest percent since 2006. The article highlights how the housing market is slowly improving over the last few years. This could reflect that people are starting to save their money more therefore not falling behind on their house payments. -
United States- Cuban Thaw
The U.S. and Cuba began to work on bettering relations with each other again in 2014 since the Cold War. They have lifted trade and travel restrictions, allowing them to recommence with the U.S., and have much improved diplomatic relations. The Cubans can import food and other important supplies that will benefit the U.S.’s economy. -
Trade Deficit in 2015 Decreases
The trade deficit in the U.S. fell to its lowest point in 5 months in July 2015. It dropped to $41.9 billion from $45.2 billion in June, which has people concerned because there’s an increase in Americans filing for unemployment benefits. However, it shows the strength of the economy and labor market while China’s poor economy affected countries worldwide.
