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Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
CBO projects that the federal budget deficit will increase as a share of GDP for the first year since 2009.
https://www.pgpf.org/analysis/2016/08/CBO-deficits-are-back-on-the-rise
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
Chairman Paul Ryan's budget aims to shrink the size of government to about 20 percent of gross domestic product (GDP) in 2015 and to 15 percent of GDP in 2050.
Over the 2011-2020 period CBO’s deficit estimates are more that $1 trillion higher than those projected by the Administration.
https://www.pgpf.org/press-release/cbos-reestimate-of-the-presidents-budget
This project documents how foreign-born workers affect the wages of low, middle- and high-income workers. It documents the evolution of immigrants in the US wage distribution since 1980, identifies the way that immigrants reshape the wage distribution, and considers the implications of immigration on the future wage distribution in the US.
https://www.pgpf.org/us-2050/research-projects/Immigrants-and-the-US-Wage-Distribution
"As our leaders consider reforms in key areas such as healthcare and tax reform, we must enact policies that also improve our nation’s fiscal outlook. Looking ahead, the President and Congress have the opportunity to work together to stabilize our debt and provide a strong foundation for economic growth," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/02/statement-on-president%E2%80%99s-address-to-congress
The results of the Peterson Foundation’s Solutions Initiative III are in: researchers from five leading think tanks agree that there are many ways to stabilize the nation’s long-term debt.
“The nation remains in the grips of a devastating health and economic crisis caused by the pandemic. Overcoming the virus remains the nation’s top priority, but the vast majority of Americans also recognize the need to address our unsustainable fiscal outlook once this crisis is over,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/12/fci-press-release