The Congressional Budget Office’s 2011 Long-Term Budget Outlook
If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy.
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If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy.
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
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
The Peter G. Peterson Foundation today announced that it will air a series of informational ads as part of its broadcast sponsorship of the October 11 Bloomberg/Washington Post Republican Presidential Debate to raise voter awareness about the nation’s fiscal and economic issues.
https://www.pgpf.org/press-release/foundation-tv-radio-online-ads
How long-term debt affects America's economic future
https://www.pgpf.org/pgpf-programs-and-projects/key-fiscal-facts-figures
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
While the recession has technically ended, our economy is still suffering and far from completely recovered.
Summer 2011 PGPF Fiscal Internship Program in Washington DC
https://www.pgpf.org/content/summer-2011-pgpf-fiscal-internship-program-in-washington-dc
The top 20 percent of income earners receive over half the value of major tax expenditures.
https://www.pgpf.org/Chart-Archive/0199_distribution_tax_expenditures
Interest costs are on track to become the largest category of spending in the federal budget.
https://www.pgpf.org/budget-basics/what-are-interest-costs-on-the-national-debt