Economist believe that more economic damage is ahead of us do to the fact that the United States is importing a lot more than we are exporting, thus causing a trade deficit. As well as deep budget deficit because the government is spending more money that it’s bringing in. In October it is set that the federal government spent $150 billion dollars more than it brought in.
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The increasing budget deficit, especially between us and China, is definitely a worry economically for the future. It is hard, however, to resolve our deficit with china because they are artificially keeping their currency low compared to ours. Obama must take steps, moving forward, to lower to deficit to help the US grow economically.
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