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“The administration projects that the deficit is on track to hit $1 trillion this year, even though we are in a strong economy and low interest rate environment," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/07/peterson-foundation-statement-on-omb-mid-session-review
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
With a changing demography as the backdrop, the US 2050 project examines the economic forces and trends that will determine American living standards three decades from now.
Controlling our structural budget deficits will require major changes in budget policy.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/the-elements
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2019
At a press conference at the Newseum, Coalition Chairman Admiral Michael Mullen and Coalition members Senator Sam Nunn, Senator John Warner, and Representative Ike Skelton announced the Coalition's core principles for sound fiscal and defense policies that reflect the realities of the 21st century.
The Peter G. Peterson Foundation has partnered with POLITICO to present the next Morning Money Breakfast Briefing.
https://www.pgpf.org/events/politico-morning-money-breakfast-briefing
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2019
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.
“This deal ignores our large and growing fiscal imbalances and is a step in the wrong direction for our economy." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.