How Are We Paying for the Federal Response to the Coronavirus?
The federal government has enacted legislation to provide relief from the COVID-19 pandemic, and the Treasury has ramped up borrowing to pay for it.
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The federal government has enacted legislation to provide relief from the COVID-19 pandemic, and the Treasury has ramped up borrowing to pay for it.
Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.
https://www.pgpf.org/blog/2023/04/how-did-the-fiscal-response-to-the-coronavirus-help-the-economy
“Voters are clearly concerned about the growing national debt, and are calling for answers from the candidates at the September 10 presidential debate,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/08/fci-press-release
The United States has generally focused more on supplementing incomes while other countries have adopted wage-subsidy programs.
“The coronavirus outbreak is an unprecedented national emergency, and we need to respond aggressively to address both the public health crisis and the economic risk,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The federal government is slated to borrow about $1.9 trillion this year, and that annual shortfall is projected to grow to $2.9 trillion by 2034.
The Medicare Advantage allows beneficiaries enrolled in both Part A and Part B to receive benefits from private plans.
https://www.pgpf.org/budget-basics/what-is-medicare-advantage
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
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
A statement about the National Commission on fiscal responsibility and reform.
https://www.pgpf.org/press-release/2010/07/national-commission-on-fiscal-responsibility-and-reform