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"The rise in the cost of servicing the debt is the significant challenge . . . threatening to crowd out federal spending priorities," writes Dana M. Peterson and Lori Esposito Murray.
https://www.pgpf.org/expert-views/fiscal-commission/the-debt-crisis-is-here
“Unfortunately, this bill does little to address our long-term fiscal challenges," said Michael A. Peterson.
Fiscal policymakers representing the Treasury Department, other federal agencies, think tanks and Congress will face off against college students in the Budgetball Tournament on the National Mall this Sunday from 11:00am to 2:00pm ET. Players will include David Walker, former U.S. Comptroller General, and Robert Reischauer, former Director of the Congressional Budget Office.
https://www.pgpf.org/press-release/administration-and-congressional-teams-get-fiscal
The 2018 election season is a critical opportunity for candidates to talk to voters about solutions to put us on a better path.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2023
"Too often in recent years, Washington has largely governed by crisis. No area better reflects the pressure of constant crisis than the federal budget," writes Leon E. Panetta
Today, the nonpartisan Peter G. Peterson Foundation launched the Election 2014 Fiscal & Economic Toolkit, a multimedia resource for research, information and analysis related to the nation’s fiscal and economic challenges.
Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.
With the national debt surpassing $31 trillion, the next generation of American leaders is making its voice heard.
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.