CBO Warns Fiscal Path is Unsustainable & Threatens Economic Growth
The outlook for the federal budget has worsened considerably since last year, according to a new report.
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The outlook for the federal budget has worsened considerably since last year, according to a new report.
Peter G. Peterson Foundation Launches New "Fiscal Confidence Index" To Measure Public Opinion About America's National Debt
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.
The lack of a long-term solution for federal funding for transportation creates uncertainty, which is disruptive for the planning of construction projects.
https://www.pgpf.org/budget-basics/more-stop-and-go-financing-of-highway-trust-fund
Once we have a plan in place that reduces spending and increases revenues, a strong annual budget process for the government would help us stay on track.
https://www.pgpf.org/budget-basics/fixing-the-budget-process
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Contact: Sarah Stipicevic, Press Secretary
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The September 2013 Fiscal Confidence Index, Modeled after the Consumer Confidence Index, is 43 (100 is Neutral); Tenth Straight Month of Strongly Negative Public Sentiment
The federal government is slated to borrow about $1.9 trillion this year, and that annual shortfall is projected to grow to $2.9 trillion by 2034.
There is one cap for national defense and another cap for non-defense programs.
Michael A. Peterson writes an op-ed for POLITICO about the 10-year outlook on deficits.
https://www.pgpf.org/press-release/op-ed-on-budget-10-is-not-enough
“CBO has once again provided clear evidence that we must do something about America’s dangerous fiscal situation," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
https://www.pgpf.org/press-release/2019/01/peterson-foundation-cbo-confirms-dangerous-fiscal-path