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Saving Deficit
Saving DeficitThe budget deficit results from the government spending more than it collects in taxes during a given year. The government must borrow to cover the excess spending.
The 2012 $1.1 trillion deficit was $953 billion, or 547% (greater than the pre-recession and financial contagion deficit in 2007 of $174 billion). The 2012 deficit was an estimated 7.3 percent of GDP; the historical average is 2.1 percent of GDP. Spending increases debt growth -
Leadership Deficit
image linkLeadership DeficitIn the public sector, politicians are encouraged to propose fiscally irresponsible policies-proposing what only sounds like free tax cuts or free public spending-in order to "profit" in their elections. Campaigning on fiscally-responsible tax increases or spending cuts seems like political suicide. In the private sector, business leaders seeking financial profit have been all too willing to lure consumers into getting into an indebtedness that they cannot afford. -
Budget Deficit
Budget Deficit
Army has planned to cut 40,000 troops from 450,000 within two years. Because this action may support fiscal savings, the army believes this can sustain the security of this country and helping economy. -
Saving Deficit
Saving DeficitAs of November 2014, the generation under thirty-five years old had a personal savings rate of negative two percent. This is in comparison to the generation of people that are fifty-five and older who hold a thirteen percent savings. This shows how the populations saving deficit is becoming an increasing problem for the people. -
Budget Deficit
Budget DeficitAs of June 2015, the budget was at its lowest in nearly seven years. The budget was down twenty percent from last year, the lowest since August 2008. This falls under the National Government’s budget deficit. -
Trade Deficit
image linkTrade DeficitIn July 2015, the United States trade deficit went from 45.2 billion dollars to 41.9 billion dollars. This is due to the 0.4 percent increase in exported materials helping the sale of United States cars and machines. This falls under the trade deficit that America is facing.
