Stabilizing our national debt will not be easy. Doing it through spending cuts or revenue increases alone would require large policy changes
June 22, 2012
SOURCE: PGPF projections using data from Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2013 to 2023, February 2013, and The Long-Term Budget Outlook, June 2012.NOTE: Spending refers to non-interest spending. The spending cuts or revenue increases are the amounts needed to close the 75-year fiscal gap and put debt on a sustainable path. The projections are based on CBO's definition of current policy, plus the automatic reductions (sequestration) in spending that began on March 1, 2013.
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Where The Growth In Spending Comes From
Projected Federal Deficits
The Growth of Entitlement Programs
Federal Debt: 1990-2035
2013 Budget Plans Debt Comparison
Summary: CBO's Analysis of President's FY 2014 Budget
2013 Fiscal Summit: Press Release
Fiscal Confidence Index Results for April 2013
PGPF Provides $1 Million Grant to Newly-Established Rudman Center
Pete Peterson on Simpson-Bowles "Bipartisan Path Forward"
Analysis: President's FY 2014 Budget
Ways You Can Get Involved:
Q&A with Pete Peterson
Foundation Chairman candidly discusses fiscal and personal topics.
Engaging Americans in a movement to address the nation's fiscal challenges.
State of theUnion's Finances
Steps you can take to help cure our fiscal ills.
"I.O.U.S.A." "may be to the U.S. economy what 'An Inconvenient Truth' was to the environment."
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