Budget Basics: How Does Social Security Work?
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
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Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2024
“This new report provides the latest evidence that our fiscal condition has worsened significantly since the pandemic began, and will need to be addressed once we’re through the COVID crisis,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Upon taking office, Governor Daniels laid out a two-year budget proposal that sought to close the state’s deficit by tackling spending and bolstering state revenues.
https://www.pgpf.org/pgpf-programs-and-projects/mitch-daniels-governor-of-indiana
Debt will continue to accumulate unless reforms are undertaken.
Policymakers use the federal budget process to establish spending priorities and identify revenue to pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget
The first important determinant of a country’s fiscal health is its financing costs.
What is a balanced budget amendment to the Constitution, and how would it work in practice?
https://www.pgpf.org/budget-basics/balanced-budget-amendment-pros-and-cons
Tax reform done right would promote economic growth, make our fiscal outlook more sustainable, reduce the complexity and burden of compliance, and increase the system’s transparency and fairness.
“As lawmakers address funding the budget and avoiding a government shutdown, Americans believe that our nation’s fiscal outlook is a critical priority,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/08/fci-press-release