*For this project, the June 2010 Extended Baseline was updated by the independent scorekeepers to reflect enacted legislative changes through January 2011. Among other assumptions, the Extended Baseline assumes that tax cuts will expire as scheduled and health care cost growth will be controlled.
In May of 2011, PGPF brought together scholars from 6 think tanks from across the political spectrum--the American Enterprise Institute, the Bipartisan Policy Center, Center for American Progress, Economic Policy Institute, The Heritage Foundation, and the Roosevelt Institute Campus Network--and tasked each of them to tackle the budget and address our fiscal challenges through 2035. The six plans contain specific policy recommendations, reflecting the groups' unique perspectives and priorities. They look out 10 and 25 years into the future and were evaluated by independent scorekeepers. This chart shows the debt paths that resulted from each group's plan. Read more about the 2011 Fiscal Summit and the Solutions Initiative here.
Understanding the August 2011 Debt Deal
Stabilizing the Debt Will Not Be Easy: The Size of the Problem
Why A Solution Must Be Bipartisan
2011 Fiscal Summit: Different Options for Spending Composition in 2035
Fiscal Commission Tax Proposal
Peter G. Peterson Foundation Chart Pack:
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of charts, we aim to frame the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.
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