The Fiscal Election: What’s at Stake in This Election?
Last Updated May 28, 2024
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
Starting in 2025, the president and Congress will confront a series of urgent deadlines and decision points. The choices our leaders make will determine how much families and businesses pay in taxes, whether or not there are automatic cuts to Social Security and Medicare, the affordability of healthcare under the ACA, and what to do about the debt ceiling. Undoubtedly, 2024 is a Fiscal Election.
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<img src="http://www.pgpf.org/sites/default/files/Infographic-The-2024-Fiscal-Election.jpg" width="620" alt="The Fiscal Election">
<a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">
</a><p><strong>The Fiscal Election</strong>, courtesy of <a href="https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election">Peter G. Peterson Foundation</a></p>Feel free to share this infographic on Twitter.
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Further Reading
The U.S. Deficit Should Only Be This High During Crises
One of the reasons to restrain debt and maintain a sustainable fiscal outlook is that emergencies arise that may necessitate federal support.
International Monetary Fund Warns: Now Is the Time to Reduce Debt Burdens
New IMF reports serve as a warning to all countries that global fiscal and economic conditions are veering into dangerous territory.
The U.S. Nearly Had a $2 Trillion Deficit Again
Despite a healthy economy driving revenues higher, the underlying deficit nearly reached $2 trillion for the second year in a row.