United States Deficits

By Group6ElizabethJacobMikhail

  • Savings

    Savings
    Savings deficit America is increasingly spending more money than saving. The data shows that countries with savings deficits tend to run trade deficits, while those with savings surpluses tend to run trade surpluses. Savings imbalances can also lead to destabilising international capital flows, asset bubbles and financial crises. This was the case in the run-up to the financial crisis of 2008. This is Monetary Policy http://www.worldfinance.com/contributors/americas-saving-perils

  • Budget

    Budget
    The Great Recession In 2007-2009 there was a big drop in the economy, $8 trillion. People lost their wealth and U.S labor lost 8.4 million jobs. It was a result of Monetary and Fiscal policy. http://stateofworkingamerica.org/great-recession/ (article)

  • Leadership

    Leadership
    Unemployment Rate reaches 9.8% In 2010, 15 million Americans were without jobs. Instead of creating jobs and trying to stimulate the atmosphere of the economy, the Democrats called for another extension of unemployment benefits. Fiscal Policy http://www.foxnews.com/opinion/2010/12/06/country-leadership-deficit.html

  • Trade

    Trade
    US resumes trade with Cuba In January 2015, the United States enacted new travel and trade regulations. Some of the new rules include: Travelers use U.S. credit/debit cards;U.S. insurance companies to cover health, life, and travel insurance for individuals living in or visiting Cuba; Banks to facilitate authorized transactions;U.S. companies to invest in some small businesses;Shipment of building materials to private Cuban companies. Result http://www.cfr.org/cuba/us-cuba-relations/p11113

  • Budget

    Budget
    Budget Deficit in Texas Rick Perry fell into a major budget deficit of $27 billion because Republicans didn’t want to raise taxes. They also didn’t want to used their “back-up” money of $9.4 billion to help the schools and education fundings. That money was saved up for issues like this. This is a Fiscal Policy http://money.cnn.com/2011/01/19/news/economy/texas_budget_deficit/

  • Leadership

    Leadership
    Obama’s Numbers This article shows all of Obama’s accomplishments and fails. He has brought up numerous of issues like employment rates, debt by the public, consumer prices and many more. Obama's numbers are a result of Monetary and Fiscal policies. http://www.factcheck.org/2016/01/obamas-numbers-january-2016-update/