Understanding Complex Budget Terms and Processes: What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
"Unfortunately, this budget paves the way for $1.5 trillion in higher deficits, plus interest," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
While Congress and the President move forward on a budget deal that will add $1.7 trillion to the debt over the next 10 years, voters across party lines are increasingly concerned about the nation’s finances.
https://www.pgpf.org/press-release/2019/07/fci-press-release
“On the heels of the first meaningful deficit reduction initiative in years in the Inflation Reduction Act, it’s highly irresponsible, unfortunate and unwise to wipe out those fiscal benefits with this announcement," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
New student debt affordability calculator empowers students as they pursue college and career goals.
A large, comprehensive plan that addresses our long-term structural deficits is clearly the best way forward for America’s future economy. However, more modest proposals, which would begin to take meaningful steps towards putting our debt on a sustainable path, would also be worthwhile.
https://www.pgpf.org/budget-basics/budget-conference-committee-fiscal-options-are-available
"Our tax code is long past due for an overhaul, and there are many ways to improve it in a sustainable way," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
In light of the growing urgency of the climate crisis, many lawmakers, advocacy groups, and American citizens are calling for the government to undertake policies to more comprehensively address climate change.
https://www.pgpf.org/budget-basics/what-is-a-carbon-tax-how-would-it-affect-the-economy
The Fiscal Confidence Index, modeled after the Consumer Confidence Index, is 53 (100 is neutral), indicating voters’ desire to see candidates offer a plan to put the nation on a sustainable long-term path.
https://www.pgpf.org/press-release/2016/01/fci-press-release