Our National Debt: The Choice between Leadership or Crisis
"Too often in recent years, Washington has largely governed by crisis. No area better reflects the pressure of constant crisis than the federal budget," writes Leon E. Panetta
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"Too often in recent years, Washington has largely governed by crisis. No area better reflects the pressure of constant crisis than the federal budget," writes Leon E. Panetta
"A fiscal commission is most likely to succeed if the broader public is involved in the process," writes Sita Slavov.
As lawmakers consider a range of costly new tax and spending proposals, voters across party lines are urging their leaders to prioritize the nation’s high and rising debt.
https://www.pgpf.org/press-release/2019/06/fci-press-release
"The single most crucial ingredient in a successful commission is complete buy-in from the leadership of both parties," writes Brian Riedl
“The most important takeaway from today’s CBO report is that interest costs are higher, adding to an already unsustainable fiscal outlook," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-July-2023
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
“As the national debt races toward $34 trillion, policymakers remain mired in short-term budget battles that do nothing to improve our fiscal outlook,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/11/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-August-2023