CBO's 2012 Long-Term Budget Outlook Analysis
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.
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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 country’s fiscal trajectory got notably worse over the past year.
“Today’s report provides a troubling snapshot of America’s fiscal outlook, which we know will only get worse from here,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2021/03/peterson-statement-on-cbos-long-term-outlook
Here’s an overview of inflation, why it matters, and how it’s managed.
https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter
Voters overwhelmingly connect the nation’s fiscal health with its economic strength, and are calling for policymakers to address our long-term fiscal challenges.
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
Highlighting state-level efforts to solve structural deficit problems. While most discussions on America's fiscal policy focus on the federal level, state governments also face daunting budget challenges.
https://www.pgpf.org/pgpf-programs-and-projects/state-fiscal-leaders
“America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation."
“The nation remains in the grips of a devastating health and economic crisis caused by the pandemic. Overcoming the virus remains the nation’s top priority, but the vast majority of Americans also recognize the need to address our unsustainable fiscal outlook once this crisis is over,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/12/fci-press-release
High inflation breeds instability, raising the risk of both higher interest rates and recession.