Both Parties Can Pick Up Late Support by Addressing the National Debt
Seven in ten voters from across the political spectrum say the record national debt will be an important factor in their vote in next week's Midterm Elections.
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Seven in ten voters from across the political spectrum say the record national debt will be an important factor in their vote in next week's Midterm Elections.
The legislation includes support for families and lower-income households, funding for climate change, infrastructure and healthcare, and a range of other social investments and tax policy. The new spending is mostly, but not fully, offset by other savings in the bill.
https://www.pgpf.org/infographic/what-is-in-the-build-back-better-act
10 New Papers and Upcoming Virtual Event Highlight Policy Solutions on Economic Recovery and Rising Debt as America Emerges from Pandemic
Funding Will Support New Research to Analyze Economic Implications of COVID-19 Pandemic, Illuminate Solutions for Policymakers
Innovative next-gen campaign raises awareness among college students, policymakers about the impact of U.S. fiscal and economic policy issues on their future.
We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
"Like the House bill, the Senate proposal includes reforms that are neither permanent nor paid for, both of which impede the objective of growing the economy," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/11/peterson-foundation-statement-on-senate-tax-bill
The combined Social Security trust funds are projected to be fully depleted by 2034 — just 18 years from now.
https://www.pgpf.org/analysis/2016/06/trustees-warn-social-security-in-financial-trouble
In fiscal year 2020, the U.S. saw the largest budget deficit since 1945 at $3.1 trillion. Find out what contributed to these record-breaking stats.
This important piece of legislation established the federal budget process still in use today.
https://www.pgpf.org/blog/qa-40th-anniversary-congressional-budget-act