Fix Social Security and Medicare to Protect Other Priorities
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
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Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
Michael Peterson writes an op-ed in Roll Call about the fiscal issues that plague the U.S. in the new year.
https://www.pgpf.org/press-release/op-ed-new-fiscal-year-same-fiscal-problems
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-August-2023
"Despite the harangue of the political class, for many Americans 'bipartisanship' is not a dirty word," writes Michael Steele.
"The deficit has essentially doubled in just one year. That’s very alarming, but the fact that the deficit grew so much during a time of economic growth is an even more serious warning sign for our nation’s future."
https://www.pgpf.org/press-release/2023/10/peterson-foundation-statement-as-deficit-soars
The Coronavirus Relief Fund provided $150 billion in direct federal fiscal support to governments in states, territories, and tribal areas.
https://www.pgpf.org/blog/2021/01/what-was-the-coronavirus-relief-fund
The legislation includes support for families and lower-income households, funding for climate change, infrastructure and healthcare, and a range of other social investments and tax policy. The new spending is mostly, but not fully, offset by other savings in the bill.
https://www.pgpf.org/infographic/what-is-in-the-build-back-better-act
Fiscal policy that boosts productivity is the best offense against future inflation.
The more important question for fiscal policy is what happens when monetary policy normalizes.
The CARES Act Provider Relief Fund aids hospitals and healthcare providers on the front lines of the coronavirus response. Learn how HHS has allocated funding.
https://www.pgpf.org/blog/2020/09/what-is-the-provider-relief-fund