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Why is the U.S. Fiscal Outlook More Daunting Now than After World War II?
In around six years, the national debt will likely exceed its all-time high of 106 percent of gross domestic product (GDP), which occurred in 1946.
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In around six years, the national debt will likely exceed its all-time high of 106 percent of gross domestic product (GDP), which occurred in 1946.
The Fiscal Internship Program engages college students in fiscal policy by providing them with first-hand research experience at public policy institutions in Washington, D.C.
https://www.pgpf.org/what-we-are-doing/grants/pgpf-fiscal-internship-program-in-washington-dc
The results of the Peterson Foundation’s Solutions Initiative III are in: researchers from five leading think tanks agree that there are many ways to stabilize the nation’s long-term debt.
We asked respected policy experts from across the ideological spectrum to share their views on why a commission is needed, how it should be structured, and which policies could help stabilize the debt.
"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
Under the GAO’s most realistic fiscal scenario, debt held by the public will exceed 109 percent of GDP by 2020.
The Foundation engages in a wide range of activities to educate and engage Americans, and raise awareness of the fiscal and economic challenges facing our nation.
https://www.pgpf.org/what-we-are-doing/education-and-awareness
Michael A. Peterson, President & COO of PGPF, commented today as the Congressional Budget Office released its Budget and Economic Outlook for fiscal years 2015-2025.
Michael A. Peterson releases a statement on Congressional Budget Office outlook projections.