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.
Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
A new fiscal agenda structured in a prudent way that induces strong economic growth, increases revenues, and protects low- and middle-income Americans is what will bring stability to the long-term budget outlook.
https://www.pgpf.org/expert-views/americas-fiscal-and-economic-outlook/a-path-to-economic-prosperity
“It makes no sense that we allow programs as essential as Social Security and Medicare to remain on such shaky and uncertain fiscal ground," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“As our nation continues to recover from the pandemic, this budget proposal outlines significant investments aimed at addressing a range of national challenges," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The Peter G. Peterson Foundation releases a statement on the vote by the National Commission on Fiscal Responsibility and Reform.
Eight innovative research projects led by Northwestern faculty and funded by recent $1 million Peterson Foundation grant get underway
Reconciliation provides for expedited consideration of certain legislation; its use is particularly important in the Senate because it limits the time allowed for debate and prevents the inclusion of non-budgetary provisions.
https://www.pgpf.org/budget-basics/what-is-budget-reconciliation
Fixing the budget requires addressing the root cause of the long-term deficits: escalating Social Security and Medicare shortfalls.
Peter G. Peterson delivers remarks at a celebration of Thomas Jefferson's 268th birthday.