High Inflation and Fiscal Policy
The more important question for fiscal policy is what happens when monetary policy normalizes.
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The more important question for fiscal policy is what happens when monetary policy normalizes.
The country’s fiscal trajectory got notably worse over the past year.
The Co-Chairs of the President’s National Commission on Fiscal Responsibility and Reform, Erskine Bowles and Alan Simpson, released a draft of their recommendations for deficit reduction and debt stabilization.
https://www.pgpf.org/press-release/national-commission-on-fiscal-responsibility-and-reform
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
Lawmakers should use the opportunities presented by the annual budgetary process to set policy priorities and provide more certainty about our nation’s fiscal policy.
“As the national debt grows continually while the ceiling deadline inches closer, voters have an unprecedented level of concern about our fiscal outlook,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/05/fci-press-release
“Rather than engaging in partisan battles and fiscal brinksmanship, voters want their leaders to work together on real solutions to our national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/09/fci-press-release
According to CBO, the fiscal condition of the United States has deteriorated since its last report issued in August.
https://www.pgpf.org/analysis/cbo%E2%80%99s-latest-budget-projections-a-deteriorating-fiscal-outlook
A new poll shows that nine-in-ten Americans want policymakers to work together to avoid a shutdown and focus on implementing solutions to our growing national debt.
Public schools for students in kindergarten through 12th grade are financed through a combination of local, state, and federal dollars in proportions that vary across and within states.
https://www.pgpf.org/budget-basics/how-is-k-12-education-funded