8 Charts That Show How We Failed to Fix Our Fiscal Outlook This Year
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
The search found 1190 results in 0.188 seconds.
These charts tell the fiscal story of 2022 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
The United States is on pace to lead the world in debt increase as a percentage of GDP.
https://www.pgpf.org/chart-archive/0310_us_lead_world_debt_increase
The Peterson Foundation’s debt clock initiative is part of its ongoing commitment to inspire and empower Americans through increased awareness that drives a thoughtful national dialogue around sustainable fiscal and economic policies.
https://www.pgpf.org/what-we-are-doing/projects/find-our-debt-clocks
Foundation President and Chief Executive Officer Michael Peterson delivered opening remarks for the Fiscal Summit, setting the tone for the day’s program.
The ninth-annual Fiscal Summit convened voices from across the political and ideological spectrum to examine the urgent need for a fiscal reset that puts America on a sustainable course for economic growth and prosperity.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2018-fiscal-summit
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
The United States was in a more precarious fiscal position in 2020 than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
The federal government spent $90 billion on housing assistance in 2021, an increase of almost 70 percent from the preceding year.
Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.