Statement by PGPF on President Obama's FY2011 Budget
The Peter G. Peterson Foundation releases a statement on President Obama's FY2011 budget.
https://www.pgpf.org/press-release/2010/02/statement-by-pgpf-on-president-obamas-fy2011-budget
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The Peter G. Peterson Foundation releases a statement on President Obama's FY2011 budget.
https://www.pgpf.org/press-release/2010/02/statement-by-pgpf-on-president-obamas-fy2011-budget
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.
“Our nation faces a range of critical challenges, but Americans understand that managing the debt is a key part of building America’s future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/05/fci-press-release
There are separate limits on the amount of funding that can be provided for defense and nondefense purposes through the appropriation process.
https://www.pgpf.org/blog/2018/03/budget-process-reform-what-are-budget-caps
The paper puts real numbers behind different scenarios for a structure for tax reform: eliminating income tax expenditures to enable lower tax rates.
Establishing a framework for long-term fiscal sustainability will narrow the gap between federal revenues and spending, and, by doing so, improve prospects for economic growth.
The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
Even party extremes want bipartisan progress: 93% of Liberal Democrats and 85% of Tea Party supporters strongly agree that both parties should work together to solve our long-term fiscal and economic problems.
67% of registered voters strongly agree that "I am willing to do my part to reduce the national debt, as long as other people also do their part."
Summary and highlights from the 2017 Fiscal Summit, which was held on May 23, 2017 in Washington, DC.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit/summary-and-highlights