2018 Fiscal Summit Media Advisory
As campaigns for the 2018 midterm elections get underway within a rapidly changing policy environment, America’s unsustainable fiscal condition remains a transcendent threat to our collective future.
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As campaigns for the 2018 midterm elections get underway within a rapidly changing policy environment, America’s unsustainable fiscal condition remains a transcendent threat to our collective future.
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011
The Peter G. Peterson Foundation designed the Solutions Initiative, which asked six organizations representing the wide scope of American political thought to develop comprehensive plans for putting the country on a fiscally sustainable long-term path.
https://www.pgpf.org/analysis/the-2011-fiscal-summit-the-solutions-initiative
Leading experts, scholars will discuss 31 new research papers on trends that will shape America’s future economy and society.
Set against the backdrop of a new political, policy and economic landscape, the 2017 Fiscal Summit will explore the connection between the legislative agenda and our growing national debt.
The 2016 Fiscal Summit to convene lawmakers and leading experts in election year discussion about the leadership required to secure America’s fiscal and economic future.
https://www.pgpf.org/press-release/2016/04/2016-fiscal-summit-media-advisory
CBO was formally established as a nonpartisan agency, and that has been a critical and enduring part of the office's effectiveness.
The federal government is slated to borrow about $1.9 trillion this year, and that annual shortfall is projected to grow to $2.9 trillion by 2034.
If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy.
After months of negotiations, with default looming, Congress passed and the President signed the Budget Control Act of 2011, which raises the debt ceiling and puts a process in place for reducing the deficit.
https://www.pgpf.org/analysis/peter-g-peterson-foundation-analysis-of-the-budget-control-act-of-2011