Have the Debt and Deficits Gotten Better?
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
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Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2020
The IMF raises concerns that progress on important fiscal issues is being hampered by political dysfunction in Washington.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
“Last year's deficit was nearly $1 trillion and it’s on track to continue to grow rapidly, so voters are rightfully concerned about what our fiscal outlook means for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/10/fci-press-release
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
With a changing demography as the backdrop, the US 2050 project examines the economic forces and trends that will determine American living standards three decades from now.
Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
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
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for March 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-march-2020