President's Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
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The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
“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
With the 2016 presidential campaign underway, Americans continue to view the national debt as a top priority for the country, and that it should have the full attention of elected leaders.
https://www.pgpf.org/press-release/2015/09/fci-press-release
“Today’s report provides a troubling snapshot of America’s fiscal outlook, which we know will only get worse from here,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2021/03/peterson-statement-on-cbos-long-term-outlook
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for December 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-december-2020
Today, the nonpartisan Peter G. Peterson Foundation launched the Election 2014 Fiscal & Economic Toolkit, a multimedia resource for research, information and analysis related to the nation’s fiscal and economic challenges.
The Peter G. Peterson Foundation’s June Fiscal Confidence Index shows that a significant majority of Americans remain concerned about the nation’s fiscal future.
https://www.pgpf.org/press-release/2015/06/fci-press-release
“At $23 trillion and counting, the national debt is a major concern for the vast majority of Americans across party lines,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/11/fci-press-release
The Peter G. Peterson Foundation’s April Fiscal Confidence Index shows that Americans remain highly concerned about the nation’s fiscal health.
https://www.pgpf.org/press-release/2015/04/fci-press-release