The US Deficit and the Long Term Impact on the Economy
The US Deficit and the Long Term Impact on the Economy Who isn't talking about the deficit? It is front page news and a segment in the nightly news every day. The US deficit will have both short and long term financial consequences on the country’s economy. Many of us have heard the discussions on C-Span, NPR, and News Talk shows that are being considered to cover the budget deficit. As a real estate professional do you understand what the US deficit is and the impact that it is having on the economy? The effects of the deficit are evident in almost all walks of life. As real estate professionals it is necessary as trusted advisors that we understand what it is, what the long term affects are and what can be done to protect your clients from its effects. Let’s start with defining the US Deficit or US Deficit budget. The US government has practiced a trend of spending more than it earns and have been suffering a current...