Healthcare Costs Are a Major Driver of the National Debt and Here’s Why
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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The economy goes through cyclical movements over time, with periods of growth followed by downturns. To help improve responsiveness to fluctuations in the business cycle, a number of important programs in the federal budget automatically increase or restrain spending depending on economic conditions.
https://www.pgpf.org/budget-basics/what-are-automatic-stabilizers-and-how-do-they-affect-the-budget
As the national debt surpasses $30 trillion, voter confidence in America’s financial situation and budget outlook tied a 7-year low, according to the Peter G. Peterson Foundation’s newest monthly index.
https://www.pgpf.org/press-release/2022/01/fci-press-release
Building on work that began with the Foundation's Solutions Initiative last year, experts from the American Action Forum, the Bipartisan Policy Center, the Center for American Progress, the Economic Policy Institute and The Heritage Foundation have each composed specific plans to set the country on a more sustainable fiscal path, and set out their top priorities for the President and Congress.
Take our quiz to see how much you really know about how revenues are collected and federal funds are spent.
https://www.pgpf.org/quiz/how-much-do-you-know-about-the-federal-budget
“Today’s Trustees reports drive home the fact that the clock is ticking down on automatic cuts to Social Security and Medicare," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/05/peterson-foundation-statement-on-2024-trustees-reports
As campaigns for the 2018 midterm elections get underway within a rapidly changing policy environment, America’s unsustainable fiscal condition remains a transcendent threat to our collective future.
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.