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Leadership
ArticleRepublicans voted on a increase that raised the federal deficit by $395 billion between 2004 and 2013. The Bush administration was already projecting the largest deficit in American history at $475 billion in 2004. When the big election was coming up Bush and his party feared losing so they decided to win that election by buying American senior votes by giving them an expensive new program to pay for their prescription drugs. The new bill cost roughly $900 billion over the next 10 years while th -
Trade
ArticleThe US trade deficit improved for the first time since 2001
because of rapid growth of US exports
the US trade deficit with China still rose
Imported petroleum prices went up
Trade with other countries improved except for China -
Leadership
ArticlePresident Barack Obama made a promise to cut the nation’s annual deficit in half by the end of his first term in office, during the Fiscal Responsibility Summit of February 23, 2009. Obama took office in the middle of 2009 when the deficit was at $1.3 trillion but reached $1.3 trillion by the end of that fiscal year. -
Budget
ArticleThe budget deficit in the U.S. shrank to the lowest level as a share of the economy since 2007 as faster growth and falling unemployment boosted tax receipts. Receipts in the fiscal year that began Oct. 1, 2013, totaled $3.02 trillion compared with $2.77 trillion a year earlier. Outlays increased to $3.5 trillion from $3.45 trillion in fiscal 2013, the report showed. This being the largest change since world war two. -
Savings
Article
Young Americans have stopped saving (the millennial generation)
had savings rates of -2%
going into debt
Those older than them are not going into debt
Short term this is okay for the economy
Long term, this will stop them from spending when they are older, hurting the economy even more -
Savings
ArticleAmericans are not saving enough money
most people are not saving any money year to year or save 5% or less of their yearly income
37% of consumers have credit card debt greater than or equal to their emergency savings -
Budget
ArticleThe U.S. budget deficit widened slightly during the first half of the 2015 fiscal year, ending a streak of sustained declines.Deficits are still near their lowest levels in six years. The improving economy and government spending curbs have reduced the flow of red ink for the U.S. after it ran up huge deficits following the financial crisis in 2008. -
