-
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
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
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
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
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.
