Drivers of spending growth
Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
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Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
Spending on the major healthcare programs, Social Security, and interest will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_spending_to_climb_rapidly
Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.
There are numerous viable options to preserve the retirement system, including Social Security, in a fiscally sustainable way that gives families adequate time to plan and strengthens support for those who need it the most.
Michael A. Peterson, President & COO of PGPF, commented today following the release of the President's FY2016 Budget.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2024
While the last minute passage of a continuing resolution avoided a government shutdown, the relief may be only temporary.
https://www.pgpf.org/analysis/2016/10/happy-fiscal-new-year-2017
The Peter G. Peterson Foundation today released the first edition of the Fiscal Confidence Index, a new, monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address the debt.
https://www.pgpf.org/press-release/2012/12/fci-press-release
The federal government finances its operations with taxes, fees, and other receipts collected from many different sectors of the economy.
https://www.pgpf.org/finding-solutions/understanding-the-budget/revenues