Statement from the Peterson Foundation on 2013 Congressional Budget Office’s Long-Term Budget Outlook
Statement from the Peterson Foundation on 2013 Congressional Budget Office’s Long-Term Budget Outlook
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the Congressional Budget Office’s Long-Term Fiscal Outlook for 2013:
“Our nation’s long-term debt remains as troubling as ever. Today’s report confirms that we have not addressed the fundamental drivers of our long-term structural deficits, and that we are still on a path to burden the next generation with an insurmountable level of debt. Congress and the President should use the upcoming fiscal debates to recommit themselves to building a framework that addresses this critical issue for our economy and the nation’s future.”
For a summary of the 2013 Congressional Budget Office’s Long-Term Budget Outlook, click here.
Further Reading
Quarterly Treasury Refunding Statement: Borrowing Could Rise Soon
The U.S. Treasury has signaled its intention to add $1.4 trillion in new debt between July and December.
What Is Supplemental Security Income?
SSI faces ongoing challenges including an aging population, evolving disability eligibility, and fiscal pressures on the federal budget.
Growing Momentum for a Fiscal Commission in Congress
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.