Peterson Foundation Statement on CBO Long-Term Budget Outlook
“Today’s CBO report may not be a surprise, but it should be alarming for all of us," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
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“Today’s CBO report may not be a surprise, but it should be alarming for all of us," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“This bill demonstrates that you can invest in areas of national interest while improving our fiscal outlook at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
As the national debt surpasses $30 trillion, voter confidence in America’s financial situation and budget outlook tied a 7-year low, according to the Peter G. Peterson Foundation’s newest monthly index.
https://www.pgpf.org/press-release/2022/01/fci-press-release
“Americans’ confidence in our fiscal outlook is weighed down by deep concerns about the national debt, an uncertain economic outlook and a lack of fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/07/fci-press-release
“Our economy is grappling with very high levels of inflation and probable interest rate hikes, all on the back of our runaway national debt which hit a staggering $30 trillion this month,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/02/fci-press-release
Medicare covers over 20 percent of most healthcare services.
https://www.pgpf.org/chart-archive/0092_medicare_share_costs
Medicaid finances almost one-fifth of healthcare spending in the United States.
https://www.pgpf.org/chart-archive/0095_medicaid_home_health
Over the past 50 years, the share of Medicare spending on hospital expenses has declined the most while the share spent on prescription drugs has increased the most
https://www.pgpf.org/chart-archive/0089_composition_medicare_payments
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.