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The Peter G. Peterson releases a new analysis and infographic to help illustrate and define the nation's ongoing long-term fiscal challenges.
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
CBO projects that, on our current path, deficits will reach $1 trillion by 2023 and total $9.4 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/01/CBO-warns-deficits-will-reach-1-trillion-in-2023
There will be a number of consequences from a gradual increase in the federal funds rate over time.
A newly released poll by the Peter G. Peterson Foundation shows that voters overwhelmingly support bipartisan action to reduce our national debt, and are willing to make personal sacrifices to help achieve that goal. These responses paint a stark contrast with the political gridlock and polarizing rhetoric that we have seen in Washington recently — and are likely to see during the 2012 election cycle.
Topics will include fiscal policy decisions, ways to achieve long-term reform, market news, and other critical matters shaping the economic future of the country.
https://www.pgpf.org/multimedia/morning-money-breakfast-briefining-with-richard-cordray
NEW YORK — The Peter G. Peterson Foundation’s final Fiscal Confidence Index for 2013 shows that American voters hold deep concerns about the nation’s long-term fiscal health, continuing a consistent 12-month trend.
The 114th Congress has a new opportunity to address our debt and long-term fiscal challenges, strengthen our economy, and put our nation's fiscal future on a sustainable path.
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.