Key Principles to Achieve Tax Reform that Grows the Economy, Not the National Debt
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
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Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.
https://www.pgpf.org/analysis/2023/06/debt-ceiling-update-whats-at-stake
What does reinstating the debt ceiling mean for federal policymaking and the economy?
https://www.pgpf.org/analysis/2017/03/the-debt-ceiling-reinstated
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
What are the potential consequences of not raising the debt limit?
https://www.pgpf.org/analysis/2015/03/risking-the-recovery-debt-limit-uncertainty-returns
Under current policies, publicly held debt is projected to increase from 73 percent of gross domestic product in 2012 to 83 percent in 2023.
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
There will be a number of consequences from a gradual increase in the federal funds rate over time.
Federal debt will rise to 144 percent of GDP within 30 years — far exceeding its all-time high, and nearly doubling today's level.
https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks