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Understanding Complex Budget Terms and Processes: What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
The lack of a long-term solution for federal funding for transportation creates uncertainty, which is disruptive for the planning of construction projects.
https://www.pgpf.org/budget-basics/more-stop-and-go-financing-of-highway-trust-fund
Over the next 10 years, the spending caps are projected to reduce deficits by approximately $900 billion, and the Supercommittee is charged with finding $1.5 trillion of additional savings.
https://www.pgpf.org/analysis/long-term-implications-of-the-budget-control-act-of-2011
The Peterson Foundation has joined with the Henry L. Stimson Center to gather distinguished national security experts to begin working on a new defense strategy for the U.S.
https://www.pgpf.org/what-we-are-doing/grants/reframing-national-defense-strategy
U.S. Treasury Secretary Timothy Geithner congratulated participants in yesterday's Budgetball Tournament on the National Mall, a demonstration of fiscal fitness in the federal government's front yard.
Policymakers should work together to stabilize and strengthen this important program for generations to come.
https://www.pgpf.org/analysis/trustees-warn-social-security-faces-major-imbalances
The Peter G. Peterson Foundation focuses on budget trends over the coming decade under the competing House Republican and Senate Democrat proposals from March 2013.
https://www.pgpf.org/analysis/a-look-at-the-competing-house-and-senate-budget-proposals
Elderly and disabled beneficiaries make up a majority of Medicaid spending.
https://www.pgpf.org/chart-archive/0094_spending_medicaid_beneficiaries
The budget projections from the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.