Understanding Complex Budget Terms and Processes: What Are Discretionary Spending Caps?
There is one cap for national defense and another cap for non-defense programs.
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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
Americans remain highly concerned about the nation’s long-term fiscal health a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges.
https://www.pgpf.org/press-release/2015/05/fci-press-release
The Government Accountability Office recently issued an update in a series of reports detailing the fiscal position of state and local governments.
https://www.pgpf.org/analysis/state-and-local-governments-face-continued-fiscal-pressure
The Peter G. Peterson Foundation’s June Fiscal Confidence Index shows that a significant majority of Americans remain concerned about the nation’s fiscal future.
https://www.pgpf.org/press-release/2015/06/fci-press-release
Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
The Peter G. Peterson Foundation leverages its unique role as an effective convener of individuals, organizations and ideas. In bringing together America's most respected voices from across the ideological spectrum, the Foundation demonstrates that good solutions not only exist, but they also can gain broad support.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Increasing the debt ceiling allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.