Through the Looking Glass: The Reverse World of the Pandemic Economy
The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.
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The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.
Upon taking office, Governor Daniels laid out a two-year budget proposal that sought to close the state’s deficit by tackling spending and bolstering state revenues.
https://www.pgpf.org/pgpf-programs-and-projects/mitch-daniels-governor-of-indiana
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2023
We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
“Unfortunately, this bill does little to address our long-term fiscal challenges," said Michael A. Peterson.
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
The Peter G. Peterson releases a new analysis and infographic to help illustrate and define the nation's ongoing long-term fiscal challenges.
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
“CBO’s latest report shows just how vulnerable we are to rising interest rates, and voters are paying attention,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/03/fci-press-release
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.