Policy Makers Should Act Now to Address the Long-Term Fiscal Imbalance
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
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Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.
“Voters understand that we are continuing to endure a terrible public health and economic crisis, but they also realize that we are piling on trillions of debt to what was already an unsustainable fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/03/fci-press-release
Washington is debating tax reform. There’s talk of substantial tax cuts that would give trillions of dollars back to American taxpayers. That might sound great to some. But if Congress doesn’t find a way to pay for those tax cuts, future generations will be stuck with the bill.
In May, the Administration released details for the proposed American Jobs Plan. It would be a massive investment in a range of national priorities including transportation, climate change, caregiving, and housing.
https://www.pgpf.org/infographic/what-is-in-the-american-jobs-plan
An analysis by the Peter G. Peterson Foundation that looks at all spending — and not just non-exempt spending — has found that the scale of reductions next year resulting from the sequestration will be more heavily weighted towards defense cuts.
https://www.pgpf.org/analysis/the-office-of-management-and-budgets-sequestration-reportan-analysis
The 2018 election season is a critical opportunity for candidates to talk to voters about solutions to put us on a better path.
Following the 2018 midterm elections, a vast majority of voters across party lines want President Donald Trump and the new Congress to focus on America’s fiscal outlook.
https://www.pgpf.org/press-release/2018/11/fci-press-release
“Voters are clearly enthusiastic that lawmakers are finding ways to pay for their priorities rather than add more to the national debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/04/fci-press-release
A majority of Democrats and Republicans would support policies they disagree with to achieve a long-term fiscal solution.
https://www.pgpf.org/infographic/infographic-post-shutdown-poll