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March 2015 PGPF Chart Pack

PGPF has released the March 2015 update for its Chart Pack, Selected Charts on the Long-Term Fiscal Challenges of the United States. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation" along with the pgpf.org hyperlink.)

The PGPF Chart Pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of 22 charts, the Foundation frames the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.

 
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Michael A. Peterson on the appointment of Dr. Keith Hall to serve as Director of CBO

Michael A. Peterson, PGPF President and COO, released an official Foundation statement today following the appointment of Dr. Keith Hall to serve as Director of the Congressional Budget Office (CBO), succeeding Douglas Elmendorf:

"We congratulate Dr. Keith Hall on his appointment to be the next Director of the Congressional Budget Office. Dr. Hall has a very impressive background, and we wish him well in this important role. CBO serves as a critical resource to Congress and the American people, providing an essential, independent voice in the budgetary process that helps improve understanding of our fiscal challenges. In an increasingly difficult political environment — and with many unanswered questions about America’s long-term fiscal and economic future — CBO’s role is more important than ever."

For the full statement, click here. For more of PGPF's statements and press releases, click here.

 

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Analysis: Congressional Budget Office's 40th anniversary

Forty years ago today, the Congressional Budget Office’s first director, Alice Rivlin, was appointed and CBO began fulfilling its unique and invaluable role as a nonpartisan budget referee. To mark this milestone, the Peterson Foundation is releasing a look at the history and importance of this institution: 40 Years and Counting: The Independent and Effective Congressional Budget Office.

Over the last four decades, the Congressional Budget Office has become an indispensable part of the nation's policymaking process. As CBO celebrates its 40th anniversary — and as Congress considers appointing a new director — there is a key opportunity for policymakers to reaffirm their support for the independence of this agency.

For the Peterson Foundation’s full analysis, click here.

 

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Fiscal Confidence Index: February 2015 results

The latest Fiscal Confidence Index survey results for February 2015 have been released. This month's FCI Value is 45, indicating voters’ continuing concern over the nation’s fiscal health.

Comments from Peterson Foundation President & COO Michael A. Peterson on the February FCI results:

"Voters understand that we need to address our long-term fiscal challenges in order to secure a growing and prosperous economy. As our economy gains strength, voters are looking to Washington for leadership to put our nation’s fiscal house in order."

See the full results for February, and read this month's press release which includes the complete survey questions and polling response breakdowns.

 

 

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February 2015 PGPF Chart Pack

PGPF has released its updated Chart Pack for February 2015, Selected Charts on the Long-Term Fiscal Challenges of the United States. Download the Pack in PDF format and visit the PGPF Charts Archive to browse all of the Foundation's originally-researched charts, graphs, and tables. (Feel free to use/reproduce, with attribution to "Peter G. Peterson Foundation" along with the pgpf.org hyperlink.)

The PGPF Chart Pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues. In this set of 22 charts, the Foundation frames the financial condition and fiscal outlook of the U.S. government within a broad economic, political, and demographic context.

 
Full Post and Comments »

National #MyTwoCentsDay for Up to Us college students

Today thousands of students on college campuses across the country are mobilizing to make their voices heard on the long-term national debt and what it means for their economic opportunities in the future. Up to Us, a nationwide campus competition co-sponsored by PGPF, is coordinating today's "My Two Cents Day" activities, both on-campus at 49 participating schools as well as digitally through social media.

Click here to learn more about My Two Cents Day, including comments from PGPF President Michael A. Peterson. Visit the #MyTwoCentsDay social stream to see how student teams are getting their messages out.

 

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Charting a New Course for America's Economic Future

Addressing our nation’s long-term fiscal challenges is essential to building an economic future that is dynamic, innovative, competitive, compassionate and full of opportunity for the next generation.

These and other ideas are laid out in Foundation Chairman Pete Peterson’s latest book, STEERING CLEAR: How To Avoid A Debt Crisis And Secure Our Economic Future. Pete discusses a range of non-partisan solutions and recommendations to steer the nation towards fiscal health and economic strength. See excerpt below:

"I see an America that has the best educated — and most highly skilled — workforce in the world and whose workers have strong training in math, science, and technological skills... I see an America with much less inequality of income and much more upward mobility ...I see an America whose safety net is secure for the vulnerable and whose entitlement programs are sustainable for the long run. I see an America with a healthcare system that provides better care at lower costs. All of these things are possible if we act to stabilize America’s long-term debt. None will be achievable if we don’t." — Peter G. Peterson in Steering Clear

To read more of Pete’s thoughts on our nation’s fiscal and economic future, visit: www.SteeringClearTheBook.com.

 

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The President's fiscal year 2016 budget proposal: analysis

Today PGPF released its analysis of the President's fiscal year 2016 budget proposal, announced earlier this past Monday. The overall conclusion: the policy proposals in this budget are not sufficient to stabilize the national debt over the long term.

Click here for the full analysis. Also see the Foundation's official statement on the President's budget.

 

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Michael A. Peterson on the President's FY2016 Budget

Michael A. Peterson, PGPF President and COO, released an official Foundation statement on today's announcement of the President's FY2016 Budget. The following is an excerpt:

"The president's budget misses another opportunity to put our nation on a stable fiscal foundation for the long term. Under these policies, the national debt remains high and will grow significantly in the long run, when rising interest and mandatory spending obligations threaten to crowd out important investments. In his budget, interest alone is $5.6 trillion over just ten years, and will increase rapidly thereafter."

For the full statement, click here. For more of PGPF's statements and press releases, click here.

 

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Fiscal Confidence Index: January 2015 results

PGPF today released the latest Fiscal Confidence Index survey results for January 2015. January's FCI Value is 52, in line with a continuing negative outlook carried over from 2014.

PGPF President & COO Michael A. Peterson commented on the new FCI results:

"As yesterday’s CBO report shows, our nation’s long-term fiscal challenges remain. Despite recent improvements, CBO projects that deficits will begin rising again in just 2 years. Soon thereafter, the fundamental drivers of debt, including our aging population and rising healthcare costs, will lead to much more rapid increases in our long-term debt. Voters understand getting our fiscal house in order is necessary to ensure a growing and prosperous economic future."

See the full results for January, and read this month's press release which includes the survey questions and polling response breakdowns.

 

 

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