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.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2024.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2024
“Today’s Trustees reports drive home the fact that the clock is ticking down on automatic cuts to Social Security and Medicare," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/05/peterson-foundation-statement-on-2024-trustees-reports
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2024/05/social-security-and-medicare-are-facing-serious-shortfalls
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
As Congress prepares to reconvene next week, lawmakers prepare for conflicts over the approaching fiscal year end.
https://www.pgpf.org/blog/2016/08/this-month-in-fiscal-news-august-2016
In 2017, Congress and the President enacted the Tax Cuts and Jobs Act (TCJA), which made significant changes to the tax code for individuals and corporations.
https://www.pgpf.org/blog/2024/03/the-next-fiscal-cliff-big-tax-decisions-to-make-in-2025
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
The Peter G. Peterson Foundation, Clinton Global Initiative University and Net Impact Announce Nationwide Campus Fiscal Competition.
The President's Budget for Fiscal Year 2013 projects that the budget deficit will gradually decline under the President's policies from $1,327 billion in 2012 to $704 billion in 2022.
https://www.pgpf.org/analysis/analysis-of-the-president%E2%80%99s-fiscal-year-2013-budget