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The Macroeconomic Gains from Stabilizing and Reducing Federal Debt
By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.
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By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.
"The Senate has squandered an opportunity to pass fiscally responsible tax reform," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
https://www.pgpf.org/budget-basics/what-is-budget-reconciliation
“Another round of tax cuts financed with borrowed money is doubling down on fiscal irresponsibility," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/09/peterson-foundation-statement-on-new-round-of-tax-cuts
Economists generally agree that public investment in infrastructure has a positive effect on productivity, and therefore on gross domestic product.
https://www.pgpf.org/blog/2018/04/president-trumps-infrastructure-plan-a-closer-look
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2021
Americans continue to show high levels of concern about our nation’s long-term debt, according to the Peter G. Peterson Foundation's latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/04/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2022
The nation’s schools teachers feel ill-prepared to teach basic federal budget terms and engage students in public policy questions to promote active citizenship.
The two proposals present distinct visions of the role of the federal government in our economy.
https://www.pgpf.org/analysis/fy-2015-budgets-comparing-chairman-ryans-and-the-presidents-proposals