Economic Problems Facing America Essay

Today in America, our economy is facing economic disaster. That being said, it’s relevant that the signs of this crisis are being overlooked by the citizens of America. We as a country are seemingly falling from the high standards at which we expect our country to obtain, to lower standards, that of a second-class country. How do you stop an economic crisis and most certainly how did we reach the severity that we have? (Heffner) The issue that America is facing, is the idea that we can continue to import nearly $238.6 billion of products compared to our export of $198.0 billion. (United States Census Bureau) Thomas Heffner, author of Economic Problems Facing the U.S., claims that America persists in a superpower mentality. (Heffner) Having this massive debt over head, were struggling to live in the utmost “picture perfect” life that we can no longer afford to …show more content…
So far in this course we have examined the previous years from 1980’s to 2012. The trade deficit has steadily increased over the elongated period. We have also inquired information of the countries that we are actively trading through. While the United States of America account for 10.2% of the world’s merchandise trade, China is closely behind accounting for 9.9% of the world’s merchandise trade. China, our number one leading import is at 18.51% alone, while we only export 7.07% export. (Pride) In conclusion, American economy is in diminution. Studies prove our habits have positioned us into the severity of continually falling from what used to a thriving and prosperous economy. We can only predict how the crisis will further. Unless, we begin to redirect out trade deficit and gain management control over our markets, many fear we are only headed for the worst know economic disaster yet. Will America be able to pull out of the