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Today, the Congressional Budget Office released its Update to the Budget and Economic Outlook: 2015-2025, which projects that federal debt will rise to 77 percent of GDP in 2025, a historically high level of debt that threatens economic growth over the long term.
For the third successive year, student teams have joined Up to Us, a unique nationwide campus competition that gives young leaders a voice on fiscal issues.
https://www.pgpf.org/blog/3rd-annual-up-to-us-campus-competition-doubles-in-size
These projections provide fresh evidence that the nation’s fiscal policy is on an unsustainable course and changes in policy will be needed.
The Government Accountability Office recently issued an update in a series of reports detailing the fiscal position of state and local governments.
https://www.pgpf.org/analysis/state-and-local-governments-face-continued-fiscal-pressure
The defense share of the federal budget has averaged 21 percent over the past two decades.
Michael A. Peterson, President & COO of PGPF, commented today as the Congressional Budget Office released its Budget and Economic Outlook for fiscal years 2015-2025.
The Peterson Foundation’s 2012 Fiscal Summit–America's Case For Action convenes the nation's leading fiscal policy experts and elected officials at a critical moment of opportunity to make progress on America's long-term fiscal challenges.
I.O.U.S.A. is a 2008 documentary about the America's looming fiscal crisis. The film opened in over 300 theaters, followed by private showings on college campuses, in corporate media rooms and at community clubs.
Americans remain highly concerned about the nation’s fiscal health, according to the Peter G. Peterson Foundation’s November Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges.
https://www.pgpf.org/press-release/2015/11/fci-press-release
The Foundation's assessment: The President's budget includes some policies that would begin to address the fundamental drivers of our long-term deficits, but its proposals are too modest to put the budget on a plausible and sustainable path for the long run.
https://www.pgpf.org/press-release/2013/04/pgpf-analysis-of-president-obamas-fiscal-year-2014-budget