Ten Trillion and Counting

The 3 most important concepts

2009 Unemployment

The Unemployment during 2009 was caused by the Great Recession, and the Great Recession "occurred because [they] failed to constrain the financial system's creation of private credit and money."(The former chairman of the UK's Financial Services Authority, Lord (Adair) Turner stated in February 2013). This process caused the financial crisis. Straight after the crisis, banks limited their new leading to businesses and households. The slowdown in lending caused prices in these markets to drop, and this means those that have borrowed too much to speculate on rising prices had to sell their assets in order to repay their loans. House prices dropped and the bubble burst. As a result, banks panicked and cut lending even further. A downward spiral thus begins and the economy tips into recession.

By the fall of 2008, four major mortgage providers had declared bankruptcy, and in September 2008, three of the largest financial institutions in the country wich were Lehman Brothers, Bear Sterns, and AIG also collapsed.

In March of 2009, the great recession was in full force and every part of the economy was feeling the pain. The stock market had lost over 54% of its value. 17 moths earlier, the Dow Jones had hit an all-time high of over 14, 000 and the S&P 500 had peaked as well at over 1,560. The Unemployment rate which had been under 5% when the stock market was hitting high levels in 2007, was at 9.5% in June 2009 and spiked over 10% for the first time since 1982 in October 2009.

The unemployment rate surged to 10.2 percent in October, reaching double digits for the first time in 26 years.

Big image

National Debt

The United States, of America, became a country officially during July 4, 1776, also is the date when they started their debt. Through the years, US's national debt has been increasing.

Growth of US Debt Over Past 50 Years


2010: $13,178,356,215.73

2004: $7,379,052,696,330.32

1999: $5,656,270,901,615.43

1994: $4,692,749,910,013.32
1989: $2,857,430,960,187.32

1984: $1,572,266,000,000.00

1979: $826,519,000,000.00

1974: $475,059,815,731.55
1969: $353,720,253,841.41

1964: $311,712,899,257.30

1959: $284,705,907,078.22

March 13, 2015, the US debt was $18.152 trillion, which hit its statutory debt ceiling. The US Treasury has been trying to hold the U.S national debt at that level, but the US debt in 2016 is over $19 trillion. All of this money has been using for the US's benefits which are: US debt's that had to be paid, War expenses, programs that had to be created, etc. The US. owes money to almost 38 countries in which China is one of the biggest creditors.

Here is the Top 10 (as of Oc/2015)


1. China, Mainland, $1254.8 billion dollars

2. Japan, $1149.2 billion dollars

3. Carib Bkg , $322.0 billion dollars

4.Oil Exporters*, $291.4 billion dollars

5.Brazil, $255.0 billion dollars

6.Ireland, $232.9 billion dollars

7. Switzerland, $225.6 billion dollars

8., $210.6 billion dollars

9.Hong Kong, $197.0 billion dollars

10. Luxembourg, $188.2 billion dollars

Big image

Health Care Reform Focus

Health Care Reform Focuses on one of the biggest concern of the US, since more and more people are retiring, and living longer and requiring . People need more medical services and social security benefits to help support them but the US doesn't have that money to be spend.

Americans spend over $3 trillion a year on but have shorter life expectancies and higher rates of infant mortality and diabetes than our global peers.

In order to refocus on wellness, over the past year, the Bipartisan Policy Center convened a Prevention Task Force to determine how to change our nation's health conversation so we are taking actions to promote wellness rather than focusing solely on providing reactive medical treatment after a person gets sick.

Today, the task force is releasing recommendations for achieving this goal, which better connecting clinical providers and community organizations, and creating incentives to make preventive care a priority. As senior advisers to the task force, we strongly endorse the two-part framework today's report outlines to more fully integrate prevention into the nation's approach to health and health care. Basically, Health Care Reform is focusing on the people's benefit, they want to raise taxes, cut some governmental expenses, etc, so they can save that money to help their citizens. Also, they are asking to have more investigations over the things that are happening with the Senior's visits with their doctor, because sometimes doctors change them "medication", "services" and other things on their that they don't need.

Bibliography

Heakal, Reem. 2004. "A Look At Government Bonds And National Debt | Investopedia". Investopedia. Accessed May 2016. http://www.investopedia.com/articles/04/011404.asp.

Lord Adair Turner, speaking as chair of the Financial Services Authority, 6th 2013 Heakal, Reem. 2004. "A Look At Government Bonds And National Debt | Investopedia". Investopedia. Accessed May 2016. http://www.investopedia.com/articles/04/011404.asp.

"The Great Recession Of 2008-09: Year In Review 2009 | Recession". 2016.Encyclopedia Britannica. Accessed May 2016. http://www.britannica.com/topic/Great-Recession-of-2008-2009-The-1661642.

"The Recession Of 2007�2009: BLS Spotlight On Statistics". 2012. Bls.Gov. Accessed May 2016. http://www.bls.gov/spotlight/2012/recession/audio.htm.

Goodman, Peter. 2009. "Unemployment Rate Rises To 10.2%, Offering Little Reassurance To Job Seekers".Nytimes.Com. Accessed May 2016. http://www.nytimes.com/2009/11/07/business/economy/07jobs.html?_r=0.

Insider, The. 2010. "Monthly Unemployment Rate: December 2009".Business Insider Australia. Accessed May 2016. http://www.businessinsider.com.au/monthly-unemployment-rate-december-2009-2010-1.

"Political Calculations: Spring 2015: To Whom Does The U.S. Government Owe Money?". 2016.Politicalcalculations.Blogspot.Com. Accessed May 2016. http://politicalcalculations.blogspot.com/2015/05/spring-2015-to-whom-does-us-government.html#.VyyUD3ErLC3.

" National Debt National Debt Clocks". 2016. National Debt Clocks. Accessed May 2016. http://www.nationaldebtclocks.org/debtclock/unitedstates.

"United States National Debt Clock". 2016.Davemanuel.Com. Accessed May 2016. http://www.davemanuel.com/us-national-debt-clock.php.

Health Care Reform Focus

"Reforming Our Health System". 2016.Preventioninstitute.Org. Accessed May 2016. http://www.preventioninstitute.org/focus-areas/reforming-our-health-system.html.