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Healthcare Costs Are a Major Driver of the National Debt and Here’s Why
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
“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
“Democratic and Republican voters know that this level of fiscal irresponsibility carries a huge economic risk,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/04/fci-press-release
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
"Sound fiscal policy can make it easier for the Fed to bring inflation down without pushing the economy into a recession," writes Ben Ritz.
The greatest gift today’s leaders can give to future generations is the fiscal room to solve their own problems.
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources
The Peterson Foundation works to bring Americans together to find and implement sensible, long-term solutions for our country’s fiscal and economic challenges.
Our most popular charts from 2016 illustrate the nation's fiscal challenges in areas like defense spending, healthcare, and tax reform.
https://www.pgpf.org/blog/2016/12/top-7-fiscal-charts-from-2016