Statement on the CBO's Budget and Economic Outlook
"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
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"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
At a press conference at the Newseum, Coalition Chairman Admiral Michael Mullen and Coalition members Senator Sam Nunn, Senator John Warner, and Representative Ike Skelton announced the Coalition's core principles for sound fiscal and defense policies that reflect the realities of the 21st century.
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-fiscal-path-is-unsustainable-and-threatens-economic-growth
There will be a number of consequences from a gradual increase in the federal funds rate over time.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
"The Senate has squandered an opportunity to pass fiscally responsible tax reform," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.
https://www.pgpf.org/analysis/2018/07/trustees-funding-challenges-threaten-medicares-future
The study examines the most recent version of Patient Protection and Affordable Care Act and the House-passed Affordable Health Care for America Act, and it provides the first long-term comparative analysis of the costs of the House and Senate health care reform legislation.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2022
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal