Complex Budget Terms and Processes — and Why They Matter
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
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Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
https://www.pgpf.org/blog/2017/03/four-key-takeaways-from-the-cbo-long-term
Portman, Panetta, Heitkamp, Zandi and others call for bipartisan fiscal commission, outlining spending and revenue reforms to stabilize the debt.
The first step in inspiring others is learning how to talk about the nation's long-term fiscal challenges.
“As lawmakers work through the budget process and pursue other major reforms, they have a responsibility to address our nation’s high and rising debt," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-president-trumps-budget-blueprint
The Peterson-Pew Commission on Budget Reform's second report, Getting Back in the Black, offers a detailed set of options to reform the federal budget process.
https://www.pgpf.org/what-we-are-doing/grants/peterson-pew-commission-report
Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
https://www.pgpf.org/analysis/2024/09/higher-interest-rates-and-the-national-debt
The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.
Waiting to act raises the cost of stabilizing the debt.