Analysis of GAO Update To Federal Government’s Long-Term Fiscal Outlook
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
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Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
The updated 2010 projection is a slight improvement over CBO ‘s March estimate primarily as a result of higher than expected corporate revenues and receipts from the Federal Reserve.
https://www.pgpf.org/analysis/cbo%E2%80%99s-august-2010-budget-outlook
For the third year in a row, Congress did not adopt a budget resolution.
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
Lawmakers should use the opportunities presented by the annual budgetary process to set policy priorities and provide more certainty about our nation’s fiscal policy.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
https://www.pgpf.org/analysis/2024/09/higher-interest-rates-and-the-national-debt
Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
The Congressional Budget Office's latest Budget and Economic Outlook provides sobering new evidence that our nation's fiscal policies are on an unsustainable and uncertain path.
https://www.pgpf.org/analysis/analysis-of-cbo%E2%80%99s-budget-outlook-fiscal-years-2012-2022
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
At $35 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
https://www.pgpf.org/top-10-reasons-why-the-national-debt-matters