The Fiscal & Economic Challenge
Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
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Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
“Voters are clearly concerned about the growing national debt, and they want their Presidential and Congressional candidates to put forward solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/09/fci-press-release
Policymakers should build on this foundation of bipartisanship to begin the significant further reforms that are necessary to put our nation on a sustainable fiscal path.
The Concord Coalition and The Peter G. Peterson Foundation today launched a national “Fiscal Solutions Tour” to foster informed public dialogue about possible answers to the nation’s daunting fiscal and economic challenges over the next decade and beyond.
Gridlock "means ever rising debt as a share of GDP, the prospect of economic turmoil, and lower living standards than otherwise for our children and grandchildren," writes G. William Hoagland.
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
A statement about the National Commission on fiscal responsibility and reform.
https://www.pgpf.org/press-release/2010/07/national-commission-on-fiscal-responsibility-and-reform
The latest budget outlook released by CBO is the first to fully capture the budgetary impact of the pandemic.
There are numerous viable options to preserve the retirement system, including Social Security, in a fiscally sustainable way that gives families adequate time to plan and strengthens support for those who need it the most.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
https://www.pgpf.org/analysis/the-debate-over-tax-expenditures