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“As the national debt races toward $34 trillion, policymakers remain mired in short-term budget battles that do nothing to improve our fiscal outlook,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/11/fci-press-release
The 2016 Fiscal Summit convenes lawmakers and leading experts in election year discussion about the leadership required to secure America’s fiscal and economic future.
https://www.pgpf.org/press-release/2016/04/2016-fiscal-summit-press-release
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
"When the dominoes of our national debt fall, young Americans will be the ones left to pick up the pieces," writes Heidi Heitkamp.
The Peterson Foundation cited new projections which demonstrate that $1.2 trillion in deficit reduction that fails to address the fundamental drivers of our growing debt will not stabilize the level of debt relative to the economy, which is the real test of any long-term fiscal plan.
Learn about Peterson Foundation projects designed to address America's long-term fiscal and economic challenges.
"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
The Peter G. Peterson Foundation launched the Fiscal Confidence Index to help policymakers, members of the media, and everyday Americans gauge public opinion on the nation’s fiscal and economic challenges.
https://www.pgpf.org/what-we-are-doing/education-and-awareness/fiscal-confidence-index