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Although a return to a normalized interest environment is a good sign for the strength of the economy, rate increases will make it more expensive to borrow.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2021
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2021
The Peter G. Peterson Foundation presents a primer on the federal budget.
https://www.pgpf.org/budget-basics/the-federal-budget-primer
The combined Old Age and Survivors’ Insurance and Disability Insurance Trust Funds, commonly referred to as the “Social Security Trust Funds,” will be fully depleted by 2033.
https://www.pgpf.org/analysis/social-security-faces-major-financial-challenges
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
Americans continue to show high levels of concern about our nation's long-term debt, even as economic and near-term fiscal indicators show signs of improvement, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/05/fci-press-release
“CBO’s report shows 30 straight years of trillion-dollar deficits that grow and grow, leaving no doubt that we’re on a dangerous and unsustainable fiscal path.” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Social Security’s finances are facing growing pressure due to the aging of the population.
https://www.pgpf.org/analysis/2017/07/trustees-warn-social-security-in-financial-trouble
The Peter G. Peterson Foundation releases a statement on the agreement to raise the debt ceiling.