Tinker talks

Swagtastical Debt Timeline

By andrew.plunkett
  • The Federal Reserve Loans $85 Billion to American International Group (AIG)

    The Federal Reserve Loans $85 Billion to American International Group (AIG)

    The country continues to loan/spend money that they wont get back and dont have
  • Barack Obama Inaguration

    Barack Obama Inaguration

    The change in leadership promised cuts in spending from the Bush administration, but no one knew if he would deliver
  • American Recovery and Reinvestment Act of 2009 Signed Into Law

    American Recovery and Reinvestment Act of 2009 Signed Into Law

    Obama begins to start cutting major spending. Even with this measure there is still a ton of spending that needs to be cut.
  • Debt Problems in Europe and U.S. Weigh on U.S. Stocks

    Debt Problems in Europe and U.S. Weigh on U.S. Stocks

    Affecting trade worldwide as the United States loses trade prestige and money at the same time.

  • Timothy Geithner Resigns

    The secretary of treasury resigns leaving a gap in leadership in regards to the money our country uses creating a loss in advising over our money before a new secretary comes in.

  • Federal Government Shuts Down

    There is no leadership in the government to allocate funds or manage budget causing a downward spiral in government activities and a large amount of money lost to inactive government.
  • President Obama Signs a Presidential Memorandum Creating a Federally-Backed Savings Account Program for Low and Middle Income Wage Earners Called MyRA, Short for My Retirement Account

    President Obama Signs a Presidential Memorandum Creating a Federally-Backed Savings Account Program for Low and Middle Income Wage Earners Called MyRA, Short for My Retirement Account

    Savings. Allows for people with low incomes to obtain a retirement account which they can't afford causing an increase in money the United States doesn't have toward social security.