Debt Held By Public Before Recessions
The United States was in a more precarious fiscal position in 2020 than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
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The United States was in a more precarious fiscal position in 2020 than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
“With rising interest rates, skyrocketing inflation, geopolitical turmoil and concerns about economic growth, it’s no wonder that Americans’ confidence in our fiscal outlook is low,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/06/fci-press-release
“As lawmakers address funding the budget and avoiding a government shutdown, Americans believe that our nation’s fiscal outlook is a critical priority,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/08/fci-press-release
On average, Medicare benefits far exceed taxes over an individual’s lifetime.
https://www.pgpf.org/chart-archive/0197_Medicare_lifetime_benefits
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
Federal taxes and transfers can help reduce disparities in income.
https://www.pgpf.org/chart-archive/0233_taxes-reduce-disparities
High income individuals receive a greater portion of their income from capital gains
https://www.pgpf.org/chart-archive/0316_capital_gains_income_group
The share of total pre-tax income has sharply increased for the wealthy, but decreased for low-income households.
While this budget would be a step in the right direction, it does not adequately address the underlying structural imbalance that defines our fiscal outlook.
Improving our healthcare system to deliver better quality care at lower cost is critically important to our nation’s long-term economic and fiscal wellbeing.