Four Key Takeaways from the Long-Term Budget Outlook
Projections of the long-term budget outlook have deteriorated significantly since last year.
https://www.pgpf.org/blog/2016/07/four-key-takeaways-from-the-long-term-budget-outlook
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Projections of the long-term budget outlook have deteriorated significantly since last year.
https://www.pgpf.org/blog/2016/07/four-key-takeaways-from-the-long-term-budget-outlook
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
“As lawmakers rightly continue to pursue policies that help our nation respond to the immediate health and economic crisis, voters are also showing increased concern about our deteriorating fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/07/fci-press-release
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
This outlook is particularly worrisome because the baby boom generation is beginning to retire and will place growing demands on Social Security, Medicare, and Medicaid in the 2020s.
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, released the following statement as the Congressional Budget Office released its Budget and Economic Outlook for 2014-2024.
Every month, the U.S. Department of the Treasury releases data about the federal budget, including the interest costs that the federal government pays on the national debt.
With important fiscal deadlines looming in coming weeks, the nation’s fiscal outlook remains a top concern for American voters.
https://www.pgpf.org/press-release/2015/10/fci-press-release