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Economy of The United States
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Student Loan Increase
From 2005 to 2008 the avergae balance for student loans has increased by $5,000. The rate is continuing to increase as of today. This puts a great strain for families across the country. This is under savings deficit. -
Financial Crisis
The worst financial crisis since the Great Depression in the United States. It was mainly due to real estate prices dropping. Officials were not performing background checks to customers and just handing out money. This would be under Trade Deficit. -
President Obama's Inauguration
President Obama became the 44th president of the United States. This falls into the leadership category because it shows a new party gaining power. -
Leadership deficit
The leadership deficit now seems so chronic and it suggests that the problem goes deeper than the quality of the individuals who come to power. So the blame cannot entirely be on President Obama. the glow of the inauuration day has faded and now the real deal is showing the difficulties for the President. -
Obamacare
Affordable Care Act was signed into a law by President Obama. This increases the quality and affordable for health insurance and lowered the uninsured rate. This would be placed under the budget deficit. -
Social Security
The price for living is increasing as a result more money needs to be put into social security. The amount of citizens from the Baby Boomer era is retiring at the same time and it is possible that the social security plan could fail. -
Oil Boom
Petroleum imports accounted for less than 20% of the nation’s trade deficit last year, down from more than 40% only five years earlier. Starting with the global economy’s first full year of expansion after the 2007-09 recession. Imports of just about everything else have surged as Americans substitute other goods for foreign oil, leaving a growing trade deficit. -
National Debt of the United States
The debt is held by the public, government and other countries. On this date, the public debt had reached $18.15 trillion. China and Japan both held around $1.2 trillion. This is under the budget deficit.
