Happy Friday and the Start of I.O.U.S.A!

Good Morning and Happy Friday.  Today we are going to begin viewing a documentary video entitled I.O.U.S.A which discusses the economic mess we find ourselves in.  The film does a great job of highlighting just what the nation would have to do in order to prevent a bad situation from turning into an all-out financial disaster which "no citizen could escape."  Before we begin, however, there are 4 different types of deficits discussed in the video.  Please do a quick online search and come up with your best (and easiest to understand) explanation of each of the following:

• The Federal Budget Deficit
• The Savings Deficit
• The Trade Deficit
• The Leadership Deficit

After discussing each of the above deficits, which do you feel is the most important to address and why?

Thanks ... Happy Friday and we will get started momentarily