Budget Basics: Spending Primer
The U.S. spent $187 billion on interest payments alone in 2009.
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The U.S. spent $187 billion on interest payments alone in 2009.
A strong and stable economy with sustained job creation and broadly-shared growth ultimately requires a foundation of fiscal responsibility.
https://www.pgpf.org/pgpf-programs-and-projects/fiscal-balancing-act
The Peter G. Peterson Foundation presents a primer on the federal budget.
https://www.pgpf.org/budget-basics/the-federal-budget-primer
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
mtvU, MTV’s 24-hour college network, and the Peter G. Peterson Foundation today unveiled "Debt Ski," an online flash-video game that spotlights the dangers of excessive debt, challenges young people to avoid destructive financial behavior, and spurs fiscally responsible action.
https://www.pgpf.org/press-release/2009/04/viral-video-game-to-promote-financial-responsibility
Each year, through the budget process, the President and Congress have the opportunity to set priorities for the federal government, determining how much should be spent through appropriations for annually-funded programs, known as discretionary spending, and providing the opportunity to review entitlement programs and the tax code.
https://www.pgpf.org/budget-basics/federal-budget-process-a-primer
The Peter G. Peterson Foundation issues a statement in response to the U.S. Senate vote on the Conrad-Gregg amendment.