My Issue

Ever since the Debt Ceiling Crisis of the summer of 2011 I have been very interested in the financial system of the United States. For this school year I would like to focus my blog on large financial institutions, the national debt, and the real estate sector. A healthy financial sector is key to strong economic growth. The financial sector has made huge progress in recovering from the 2008 crisis, but more needs to be done. I wish to cover this on going progress, and show how the country continues to recover from the Recession. The national debt is the gravest threat this country faces. Deficits and debt have skyrocketed in the last 13 years. The Sequester, a rise in income tax rates, and stronger growth have stabilized the short, and medium term fiscal picture. However, underfunded entitlements are a major impediment to economic growth, and they cloud the long term fiscal picture. This long term debt crisis must be solved if America is to regain its former economic standing. The real estate sector interests me on a personal level. I have always been interested in construction, and the housing market. Also, the bursting of the housing bubble demonstrated the importance of the real estate sector to the national economy. A healthy real estate sector will create faster economic growth, which is very important in this time of high unemployment.

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