Fix Social Security and Medicare to Protect Other Priorities
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
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Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
The latest OMB report marks the first time that the administration has acknowledged that deficits will surpass $1 trillion in the near term.
https://www.pgpf.org/blog/2018/07/trump-administration-acknowledges-trillion-dollar-deficits
Following the recent government shutdown and debt ceiling standoff, and as the Budget Conference Committee gathers, a new poll released today finds that a majority of voters in both parties are willing to give ground on key issues in order to achieve a much desired, long-term fiscal solution.
If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
“Across party lines, vast majorities of voters believe that divided government brings an important responsibility for our leaders to work together to secure our fiscal future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/01/fci-press-release
When most Americans think about businesses in this country, the word “corporation” may come to mind — but the truth is that the vast majority of businesses in the United States are not structured as traditional corporations, but as pass-through entities.
Founder and Chairman Pete Peterson established the Foundation in 2008 to raise awareness of America’s long-term fiscal challenges and to find solutions to help build a growing, thriving economy.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit/a-sustainable-fiscal-future
Americans remain highly concerned about the nation’s fiscal health, according to the Peter G. Peterson Foundation’s November Fiscal Confidence Index, 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/2015/11/fci-press-release
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).
https://www.pgpf.org/blog/2022/12/the-rising-national-debt-drives-up-interest-rates
"Even as both parties dream of sweeping the next election and imposing their own solution, the reality is that massive deficit reduction legislation requires bipartisan buy-in for public legitimacy and political sustainability," writes Brian Riedl.