Welcome Back, Congress — Congress Faces Key Fiscal Deadline when Returning from Recess
While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
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While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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
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
"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.
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
“Reaching $23 trillion in debt on Halloween is a scary milestone for our economy and the next generation, but Washington shows no fear," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“This is an example of how our leaders can pay for their priorities, whatever they may be, while helping to improve America’s fiscal and economic future at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Over the 2011-2020 period CBO’s deficit estimates are more that $1 trillion higher than those projected by the Administration.
https://www.pgpf.org/press-release/cbos-reestimate-of-the-presidents-budget