Peterson Foundation Statement on CBO Long-Term Budget Outlook
“America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation."
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“America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation."
“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
As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
https://www.pgpf.org/blog/2024/05/how-does-the-aging-of-the-population-affect-our-fiscal-health
“The Solutions Initiative 2024 shows that there is widespread agreement that America’s fiscal challenges are both unsustainable and solvable, and we have many good options to chart a brighter future for our country," said Michael A. Peterson.
With our economy in recovery, our debt rising unsustainably, and our nation still grappling with a devastating pandemic, America faces many critical questions for its future. Where do we go from here?
At the start of 2022 with a record $29 trillion in national debt, U.S. voters of all stripes are growing more concerned about America’s unsustainable federal budget outlook, according to the nonpartisan Peter G. Peterson Foundation’s newest monthly index.
https://www.pgpf.org/press-release/2021/12/fci-press-release
"The single most crucial ingredient in a successful commission is complete buy-in from the leadership of both parties," writes Brian Riedl
In January 2013, a series of tax increases and spending cuts are slated to go into effect automatically and all at once. Many are calling this major fiscal policy shift the "Fiscal Cliff." If all of the changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013 — an outcome that threatens our still-fragile economic recovery.
The federal debt is on an unsustainable path