CBO’s Updated Projections Show Deficits Continuing to Climb, Despite Growing Economy
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
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Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
Peter G. Peterson Foundation writes an op-ed about debt solutions for POLITICO.
https://www.pgpf.org/press-release/2011/11/op-ed-real-debt-solution-must-go-long
"Unfortunately, this budget paves the way for $1.5 trillion in higher deficits, plus interest," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Peter G. Peterson releases a statement on sequestration.
https://www.pgpf.org/press-release/statement-from-foundation-chairman-pete-peterson-on-sequestration
Like many in the policy community, the Peterson Foundation is exploring how we can best support our nation’s recovery from the effects of this challenging crisis.
https://www.pgpf.org/a-note-from-michael-peterson-on-the-impact-of-the-pandemic
Here are five key takeaways from the first CBO analysis to fully take into account the economic effects of the pandemic and the legislative response to it.
"A fundamental question is how tax reform will affect our nation’s unsustainable fiscal outlook, and that question remains unanswered," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/09/peterson-foundation-on-new-tax-reform-framework
"Reforming taxes in a fiscally responsible way will increase confidence and certainty, and improve conditions for growth over the long term," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/07/statement-from-the-peterson-foundation-on-tax-reform
“CBO’s report shows 30 straight years of trillion-dollar deficits that grow and grow, leaving no doubt that we’re on a dangerous and unsustainable fiscal path.” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Unless addressed soon, the growing national debt will "seriously jeopardize and undermine the American economy," said former Secretary of Defense Leon Panetta.