Economic Officials Foresee Another Crisis Within 10 Years
Highest ranking economic officials from both parties foresee another U.S. economic crisis within 10 years unless the country takes immediate action on structural deficit.
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Highest ranking economic officials from both parties foresee another U.S. economic crisis within 10 years unless the country takes immediate action on structural deficit.
The Peter G. Peterson Foundation’s final Fiscal Confidence Index for 2013 shows that American voters hold deep concerns about the nation’s long-term fiscal health, continuing a consistent 12-month trend.
https://www.pgpf.org/press-release/2013/12/fci-press-release
NEW YORK — The Peter G. Peterson Foundation’s final Fiscal Confidence Index for 2013 shows that American voters hold deep concerns about the nation’s long-term fiscal health, continuing a consistent 12-month trend.
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
With the Administration unveiling the president’s budget plan this month and lawmakers on Capitol Hill considering major pieces of legislation that would affect the country’s fiscal outlook, voters remain concerned about the national debt and the fiscal well-being of the country.
https://www.pgpf.org/press-release/2017/05/fci-press-release
The Peterson Foundation releases a statement on the deal to end the government shutdown.
“Now that our economy has significantly recovered, it is the perfect time to begin a process to get our fiscal house in order," said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
“Our nation faces a range of critical challenges, but Americans understand that managing the debt is a key part of building America’s future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/05/fci-press-release
Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.
https://www.pgpf.org/blog/2018/06/four-key-takeaways-from-the-cbo-2018-long-term-outlook
“CBO’s report is filled with sobering projections that should be an urgent wakeup call for the Administration and Congress," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.