Happy Friday and the Start of I.O.U.S.A!

• The Federal Budget Deficit. As we wrestle with the economic problems facing the country, it is important to understand the reality of budget surpluses and deficits, their relationship to national debt, and how the level of national debt affects average Americans and the economy in general.

• The Savings Deficit.     1.insufficiency in an account or number, whether as the result of defaults and misappropriations or of mistakes or shrinkage in value.

      excess of the U.S. government’s spendings over its revenues. Many economists believe that federal deficits can lead to inflation.
      The Trade Deficit
trade deficit occurs when the value of a country'simports is greater than the value of its exports. This means that the country's balance of trade is negativ

• The Leadership Deficit

Our leaders in the public and private sectors of the U.S. economy have allowed the other three deficits to emerge because they are viewed as the easy and personally profitable courses to take. In 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.

The USA spending more then what they have and they are in debt. It is a huge problem and it won't help us in the future. It is extremely bad for everyone.