![](https://www.pgpf.org/sites/default/files/Social-Security-Thumbnail.jpg)
Trustees Warn: Social Security’s Total Costs to Exceed Income for First Time Since 1982
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
The search found 1239 results in 0.33 seconds.
The report projects that in 2018 — for the first time since 1982 — the program’s total costs will exceed its total income.
Peter G. Peterson releases a statement on sequestration.
https://www.pgpf.org/press-release/statement-from-foundation-chairman-pete-peterson-on-sequestration
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2020
"As our leaders consider reforms in key areas such as healthcare and tax reform, we must enact policies that also improve our nation’s fiscal outlook. Looking ahead, the President and Congress have the opportunity to work together to stabilize our debt and provide a strong foundation for economic growth," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/02/statement-on-president%E2%80%99s-address-to-congress
New research initiative to explore the demographic, socioeconomic, and fiscal trends that will define America at mid-century
https://www.pgpf.org/press-release/2017/11/peterson-foundation-and-ford-foundation-launch-us-2050
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal