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Petroleum Trade Deficit
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Petroleum Trade Deficits (Trade)
The United states ran large trade deficits during the 2000’s and acumulated large depts.Deficits in U.S. petroleum trade have been equal to a large fraction of the imbalance between U.S. imports and exports. These oil trade deficits are likely to decline. (Trade) http://www.cfr.org/united-states/implications-reduced-oil-imports-us-trade-deficit/p32245 -
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The China Toll (Trade)
Since China entered the World Trade Organization in 2001, the extraordinary growth of trade between China and the United States has had a dramatic effect on U.S. workers and the domestic economy. Between 2001 and 2011, the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, over 2.1 million of which (76.9 percent) were in manufacturing. (Trade)
http://www.epi.org/publication/bp345-china-growing-trade-deficit-cost/ -
China Toll
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Obama is inaugurated as the 44th president of the United States
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The U.S. retirement savings deficit is between $6.8 and $14.0 trillion
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The debt ceiling is raised by 2.4 trillion dollars.
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Social Security Funding (Savings)
Social Security Funding is failing, as the amount of retirees grow, the savings deficit increases as money that is saved is being depleted at a rapid rate. Not enough people are saving money. So money is slowly but surely running out of the savings. (Savings)
