January 17, 2009

IOUSA - The Four Deficits of the USA

POLITICS - The United States has four major problems with its economy and we're going to stop and break them down.

1. A Budget Deficit

The USA is spending too much on wars/etc and not taking in enough taxes. Our government is basically bankrupt and its only a matter of time before we have a complete financial collapse in the United States to the point we can no longer afford to pay for schools, police, government services, etc. We have to cut back on the budget deficits before the system collapses.

2. An Inflation and Savings Deficit

The price of oil, gasoline, food, commodities and products in general have skyrocketed. This means Americans have to spend more and end up saving less. They get in huge debt and cannot afford to pay their mortgages or their bills.

3. Manufacturing and Trade Deficit

The United States lacks manufacturing. We have sent too many jobs overseas to China, India, Japan, Mexico, etc. and there aren't enough Americans working, getting paid and buying things made in the USA. Americans are buying too many Asian imports foreign made goods and it is leading to financial ruin.

4. A Leadership Deficit

For the past 8 years during the Bush Administration the United States has had a lack of economic leadership. George W. Bush was unwilling to raise taxes, he spent too much on wars and bankrupted the USA. Bush ignored the economy and ignored factories closing and American jobs being lost to China, Mexico, etc. America needs new leaders who are willing to make the tough choices and are able to promote manufacturing in the USA and balance the budget. America cannot fix deficits 1, 2 or 3 without strong leadership.


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