Budget Basics: What Is The Fiscal Cliff?
The January 2013 fiscal cliff involves several components of tax cuts and spending provisions.
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The January 2013 fiscal cliff involves several components of tax cuts and spending provisions.
Amid ongoing negotiations in Washington since the expiration of key relief programs, 89% of voters say that America needs another coronavirus economic aid package, according to the latest Financial Times-Peterson Foundation US Economic Monitor.
Once we have a plan in place that reduces spending and increases revenues, a strong annual budget process for the government would help us stay on track.
https://www.pgpf.org/budget-basics/fixing-the-budget-process
CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/01/CBO-warns-deficits-will-reach-1-trillion-in-2023
“Debt matters because our fiscal irresponsibility threatens the economic future of every American,” said Michael Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/05/2018-fiscal-summit-press-release
CBO finds that the budget would not reach balance in 2027 as the administration projects.
https://www.pgpf.org/analysis/2017/07/cbo-debt-remains-high-under-presidents-budget
SNAP participation varies greatly from state to state.
https://www.pgpf.org/chart-archive/0263_snap_participation_varies_state
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
The leaders we elect will be tasked with taming our growing national debt — making this one of the most critical elections in recent memory.
https://www.pgpf.org/analysis/will-the-presidential-candidates-debate-the-debt
CBO plays a vitally important role in the federal budget process.