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“Lawmakers should absolutely take a second look at tax policy, not to extend the irresponsibility, but to implement reforms that actually improve our fiscal situation," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
The Peterson Foundation releases a statement on the 2014 State of the Union address.
Federal debt will rise to 144 percent of GDP within 30 years — far exceeding its all-time high, and nearly doubling today's level.
https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2021
“It makes no sense that we allow programs as essential as Social Security and Medicare to remain on such shaky and uncertain fiscal ground," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“Today’s CBO report shows ten straight years of trillion-dollar deficits. That’s a sad reflection of our nation’s poor fiscal health, and it adds insult to injury that we’re piling on all this debt in a growing economy,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Over the next 10 years, the cumulative deficit would total $13.9 trillion if the President’s policies were carried out.
https://www.pgpf.org/blog/2021/09/deficits-will-remain-over-1-trillion-for-the-next-decade
As President Obama and Congress confront the nation's fiscal outlook and other top priorities, the Peter G. Peterson Foundation is convening its fourth annual Fiscal Summit.
New $1 million research initiative will help inform and improve pandemic relief and recovery policies.
As part of the Up to Us initiative, student teams at various colleges and universities are kicking off competing campaigns designed to educate their peers on the effects of the nation's rising debt and motivate action in Washington on fiscal issues.