Understanding Complex Budget Terms and Processes: What Are Discretionary Spending Caps?
There is one cap for national defense and another cap for non-defense programs.
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There is one cap for national defense and another cap for non-defense programs.
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.
Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
An analysis by the Peter G. Peterson Foundation that looks at all spending — and not just non-exempt spending — has found that the scale of reductions next year resulting from the sequestration will be more heavily weighted towards defense cuts.
https://www.pgpf.org/analysis/the-office-of-management-and-budgets-sequestration-reportan-analysis
Amid ongoing negotiations in Washington since the expiration of key relief programs, 89% of voters say that America needs another coronavirus economic aid package, according to the latest Financial Times-Peterson Foundation US Economic Monitor.
“This new rules package includes important reforms that can help encourage fiscal responsibility." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
The Trustees warn that Congress and the Administration should work "with a sense of urgency" to put the program on a sustainable path.
https://www.pgpf.org/analysis/the-medicare-trustees-report-in-charts
By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.
Peter G. Peterson releases a statement on President Obama's deficit reduction proposal to the "super committee."