The Congressional Budget Office’s 2011 Long-Term Budget Outlook
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.
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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.
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
"It is easy to look at the state of American politics and feel despair. Instead, we should be motivated to solve big problems," writes Robert Portman
This is the moment to strengthen the social insurance system and to enact an ambitious federal investment package, while raising tax revenue and cutting back on spending in ways that would largely offset those costs.
The 2015 Fiscal Summit to convene lawmakers and leading experts to explore economic and fiscal opportunity in America as the recovery gains strength and the 2016 election begins to take shape.
“Voters are clearly concerned about the growing national debt, and they want their Presidential and Congressional candidates to put forward solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/09/fci-press-release
“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/12/fci-press-release
“This new CBO report shows that our national debt will reach a record level over the next decade," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The fraction of children who earn more than their parents has decreased over time.
The aging of the baby boom generation will boost the number of Americans age 65 and older.