Policy Options for Improving Economic Opportunity and Mobility
Jun 4, 2015
America’s economic recovery is finally taking hold and current deficits are down from the record highs during the recession. At the same time, far too many American families are being left out of the recovery, and our nation still faces an unsustainable long-term fiscal outlook. Lower unemployment and improvements in growth are fueling renewed optimism, yet the nature of the recovery is uneven and the longer term trends of income stagnation are of great concern. On everyone’s minds is the questionable state of opportunity in America.
In the interest of enriching the discussion on the state of economic opportunity in America today, the Peter G. Peterson Foundation asked two experts, representing different viewpoints, to recommend policy options to foster greater economic opportunity and mobility.
In a new two-volume paper, Policy Options for Improving Economic Opportunity and Mobility, Jared Bernstein of the Center on Budget and Policy Priorities and Scott Winship of the Manhattan Institute, explore policy options that foster greater economic opportunity and mobility, specifically considering what they believe to be the most effective role government can play in achieving these goals.
Further Reading
National Debt Projected to Hit 175% GDP; Interest Totals $99 Trillion
Compared with the previous 30-year projections, spending will be higher, revenues lower, interest rates and interest payments elevated, and the national debt significantly larger.
Federal Healthcare Costs on Track to Reach $3.1 Trillion by 2036
Federal healthcare programs are among the fastest-growing drivers of federal spending, and their continued growth will put significant upward pressure on the national debt.
Quarterly Treasury Refunding Statement: Higher Borrowing Compared to Last Year
Key highlights from the most recent Quarterly Refunding include an increase in anticipated borrowing of $249 billion compared to the same period in the previous year.