Analysis: FY 2017 Budgets Comparison
How do the House Budget and the President’s Budget differ?
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How do the House Budget and the President’s Budget differ?
Donald Trump entered office with the highest level of debt to GDP of any incoming president since Harry Truman.
https://www.pgpf.org/infographic/infographic-the-national-debt-and-our-economy
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
The Peter G. Peterson Foundation launches an original series of interactive data visualizations that are a new way to look at our national fiscal picture.
https://www.pgpf.org/press-release/press-advisory-a-new-way-to-look-at-our-national-debt
“While these ideas represent a start, much more can be done to improve our budget process in order to help achieve more fiscally responsible policies," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
“As policymakers begin to prepare for the new landscape in Washington, they have both a requirement and a valuable opportunity to work together on fiscal solutions," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
https://www.pgpf.org/press-release/2018/11/peterson-foundation-statement-on-2018-midterm-elections
The Bipartisan Policy Center proposal is the first in a series of reports that will be released over the next several months that examines different ways to bring the budget back into balance and reduce the country’s mounting debt burden.
https://www.pgpf.org/press-release/restoring-america%E2%80%99s-future
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/06/cbo-unsustainable-deficits-threaten-future-economic-growth
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
These projections provide fresh evidence that the nation’s fiscal policy is on an unsustainable course and changes in policy will be needed.