The Macroeconomic Gains from Stabilizing and Reducing Federal Debt
By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.
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By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but also provide long-run economic benefits.
The Peter G. Peterson Foundation issues a statement on President Obama's speech on the nation's long-term debt.
Peter G. Peterson releases a statement on President Obama's deficit reduction proposal to the "super committee."
“Our high and rising debt makes us less prepared for the next pandemic, less secure against future adversaries, less resilient to the changing climate, and less able to build the strong," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Eight innovative research projects led by Northwestern faculty and funded by recent $1 million Peterson Foundation grant get underway
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2020
The Coalition for Fiscal and National Security urges policymakers to stabilize our national debt and renew and rebalance our national security strategies.
https://www.pgpf.org/pgpf-programs-and-projects/2016-cfns-statement
After months of negotiations, with default looming, Congress passed and the President signed the Budget Control Act of 2011, which raises the debt ceiling and puts a process in place for reducing the deficit.
https://www.pgpf.org/analysis/peter-g-peterson-foundation-analysis-of-the-budget-control-act-of-2011
“The unfortunate milestone of $29 trillion in debt is a stark reminder that our nation’s fiscal foundation is insecure and unsustainable." said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The results of the national survey, commissioned by the Foundation and released today, show that amidst the current economic crisis, there is strong consensus about the fundamental importance of the country's sustained fiscal health, and that Americans place a high priority on tackling the federal government's growing budget deficit and debt.