President's Budget Again Relies on Optimistic Economic Projections and Unlikely Spending Cuts
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
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Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
“We’re clearly heading in the wrong direction, and it’s unfortunate that our leaders are not putting forward credible plans to improve our fiscal foundation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
The Peterson G. Peterson Foundation will release an analysis of President Obama's complete Fiscal 2010 Budget proposal, which is expected to be announced next week.
CBO updated its budget projections this week, confirming that for the first year since 2009, deficits as a share of GDP are on the rise again.
https://www.pgpf.org/blog/2016/08/three-key-takeaways-from-the-updated-budget-projections
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
Michael A. Peterson releases a statement on the fiscal cliff agreement.
The latest Financial Times-Peterson Foundation US Economic Monitor reveals that the coronavirus pandemic is financially impacting the vast majority of Americans, and there is broad-based support for federal response measures.
“Today’s budget represents a dramatically worse outlook than what was released just last May," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/02/peterson-foundation-statement-on-presidents-budget
The nation’s schools teachers feel ill-prepared to teach basic federal budget terms and engage students in public policy questions to promote active citizenship.
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year