National Debt to Measure Nearly Double the Size of the Economy in 30 Years
The COVID-19 pandemic has led to a considerable increase in spending — but our long-term debt was already on an unsustainable path.
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The COVID-19 pandemic has led to a considerable increase in spending — but our long-term debt was already on an unsustainable path.
The way in which Americans have been spending their stimulus checks has differed across each round of payments.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2024
The number of individuals experiencing long-term unemployment (lasting 27 weeks or longer) has quadrupled during the coronavirus (COVID-19) pandemic.
The Federal Reserve's lending facilities are one of the many policy tools the central bank is using to stabilize the economy in response to the pandemic.
“Today’s new survey shows that fiscal concerns are top of mind in this election, and they want leaders who are committed to solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/04/fci-press-release
“America is going through an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/03/fci-press-release
The child tax credit (CTC) is a measure administered though the tax code that is designed to make raising children more affordable by easing the financial burden faced by families.
https://www.pgpf.org/budget-basics/what-is-the-child-tax-credit
Americans and the economy are vulnerable to a series of high-stakes fiscal deadlines, with an uncertain path forward.
https://www.pgpf.org/blog/2019/07/fast-approaching-fiscal-deadlines-pose-threat-to-american-economy
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.