CBO’s New Report Shows Worsening Fiscal Outlook
The national debt is expected to exceed its record high in just 3 years.
https://www.pgpf.org/blog/2024/06/cbo-new-report-shows-worsening-fiscal-outlook
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The national debt is expected to exceed its record high in just 3 years.
https://www.pgpf.org/blog/2024/06/cbo-new-report-shows-worsening-fiscal-outlook
“CBO’s new report shows that the outlook for America’s critical national debt challenge is worsening," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/06/peterson-foundation-statement-on-new-cbo-report
Policymakers use the federal budget process to establish spending priorities and identify revenue to pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget
As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
https://www.pgpf.org/blog/2024/05/how-does-the-aging-of-the-population-affect-our-fiscal-health
Tax expenditures are costly for the federal government but they can be effective vehicles for lawmakers to achieve policy goals.
Compared to historical trends and other advanced economies, corporate tax revenues in the United States are low.
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
The coronavirus (COVID-19) pandemic is an unprecedented national emergency requiring a significant federal response. This page provides resources and analysis, tracking the actions our leaders are taking to respond, and providing insights on the state of America’s fiscal and economic outlook during the recovery.
Let’s look at the trends in discretionary spending and how effective caps are in reducing the debt.
https://www.pgpf.org/blog/2023/06/what-are-discretionary-spending-caps-and-do-they-work