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“Today’s CBO report shows ten straight years of trillion-dollar deficits. That’s a sad reflection of our nation’s poor fiscal health, and it adds insult to injury that we’re piling on all this debt in a growing economy,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program
A new five-year, $1.9 million grant will support the Howard University Department of Economics and the Women’s Institute on Science, Race and Equity (WISER) in their innovative work to increase diversity in the field of economics and promote greater inclusion in fiscal and economic policymaking.
The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
The pandemic exposed major U.S. healthcare issues, but key lessons can help improve the system going forward, according to two leading experts.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2021
The Peter G. Peterson Foundation is providing a $1 million grant to the newly established Warren B. Rudman Center for Justice, Leadership and Public Policy at the University of New Hampshire School of Law.
Over the next 10 years, the cumulative deficit would total $13.9 trillion if the President’s policies were carried out.
https://www.pgpf.org/blog/2021/09/deficits-will-remain-over-1-trillion-for-the-next-decade
Here are some important questions that the moderator could ask at the final debate to start the conversation about our nation’s most pressing fiscal concerns.