CBO: Recent Budget Deal Will Add $1.7 Trillion to the National Debt over the Next 10 Years
The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
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The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.
A strong and stable economy with sustained job creation and broadly-shared growth ultimately requires a foundation of fiscal responsibility.
https://www.pgpf.org/pgpf-programs-and-projects/fiscal-balancing-act
Policymakers use the federal budget process to establish spending priorities and to determine who will pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget/budget-process
Earmarks have been controversial, but nevertheless were reinstated by Congress in 2021 after a 10-year moratorium.
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).
https://www.pgpf.org/blog/2022/12/the-rising-national-debt-drives-up-interest-rates
The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
“The unfortunate milestone of $29 trillion in debt is a stark reminder that our nation’s fiscal foundation is insecure and unsustainable." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The United States spends more on defense than the next 9 countries combined.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal wellbeing.
Climate and weather-related natural disasters are becoming increasingly frequent. In addition to endangering lives, they are economically costly.
https://www.pgpf.org/budget-basics/what-is-the-disaster-relief-fund