To Get Our Fiscal House in Order: Put Politics First
"When the dominoes of our national debt fall, young Americans will be the ones left to pick up the pieces," writes Heidi Heitkamp.
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"When the dominoes of our national debt fall, young Americans will be the ones left to pick up the pieces," writes Heidi Heitkamp.
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.
https://www.pgpf.org/blog/2024/01/growing-momentum-for-a-fiscal-commission-in-congress
A distinguished Advisory Committee is guiding the project, bringing valuable expertise across the key research disciplines.
“We need our leaders to rise to the urgency of the moment, but legislative gridlock continues to prevent progress on even the basics of budgeting," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/03/peterson-foundation-statement-on-presidents-budget
The current budget process is ill-suited for managing the nation’s long-term fiscal affairs. Learn about possible reforms to reimagine the budget process.
https://www.pgpf.org/finding-solutions/budget-process-reforms
Learn about the job opportunities available at Peter G. Peterson Foundation
Policymakers use the federal budget process to establish spending priorities and to determine who will pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget/budget-process
Earmarks have been controversial, but nevertheless were reinstated by Congress in 2021 after a 10-year moratorium.
"Committee passage of the Fiscal Commission Act is an important step toward a comprehensive approach to stabilizing our rapidly growing national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
In 2008, the Peter G. Peterson Foundation was established with the goal of preserving the American Dream for the next generation. My father saw our high and rising debt as a transcendent threat to our future economy – posing a risk to every American, and our leadership role in the world.