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Financial Recession
The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists the worst financial crisis since the Great Depression of the 1930s. -
$787 billion Stimulus Package
Many believe the stimulus package embodied in The American Economic Recovery and Reinvestment Act of 2009, along with the TARP legislation passed during Bush, helped prevent an economic collapse. Though you don’t have to look far to find critics. -
Paul Ryan Fiscal Plan
Congressman Paul Ryan (R) Wisconsin, House budget chairman, proposed a budget for the United Statesthat would reduce the deficit by $4.4 trillion over ten years. The Ryan budget plan would repeal the health care law signed by President Barack Obama in March of 2010, make sweeping changes to Medicare and Medicaid, cut the military budget, and impose caps on domestic spending. -
Credit Rating Falls
in august 2011 the credit company Standard & Poor downgraded the us credit rating from AAA to AA+ this desicion came againsg alot of critisism from the obama administration. this is the first time that the credit rating has fallen since 1917 -
Salary Gap Increases
The Congressional Budget Office finds that, between 1979 and 2007, income grew by:
275 percent increase for the top 1 percent of households,
65 percent increase for the next 19 percent,
40 percent increase for the next 60 percent, and
18 percent increase for the bottom 20 percent. -
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Superstorm Sandy
Damage in the United States amounted to $65 billion (2013 USD) -
American Taxpayer Relief Act
The Act centers on a partial resolution to the United States fiscal cliff by addressing the expiration of certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (known together as the "Bush tax cuts"), which had been temporarily extended by the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010. -
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Government Shutdown
Congress failed to enact legislation appropriating funds for fiscal year 2014, or a continuing resolution for the interim authorization of appropriations for fiscal year 2014.
