Statement on Congressional Budget Office's Budget and Economic Outlook
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
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Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
With the Administration unveiling the president’s budget plan this month and lawmakers on Capitol Hill considering major pieces of legislation that would affect the country’s fiscal outlook, voters remain concerned about the national debt and the fiscal well-being of the country.
https://www.pgpf.org/press-release/2017/05/fci-press-release
Members of the United States House of Representatives and Senate return to Washington to face a number of important policy decisions and deadlines.
https://www.pgpf.org/blog/2018/09/with-election-looming-congress-returns-to-full-agenda
“As troubling as this year’s deficit is, it’s just the beginning of large and growing deficits as far as the eye can see," Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation, said.
For the ninth consecutive month, American citizens remain extremely concerned about our nation’s fiscal challenges, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/08/fci-press-release
National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
https://www.pgpf.org/analysis/gao-sends-clear-warning-long-term-debt-is-on-an-unsustainable-path
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.
The Peterson Foundation has joined with the Henry L. Stimson Center to gather distinguished national security experts to begin working on a new defense strategy for the U.S.
https://www.pgpf.org/what-we-are-doing/grants/reframing-national-defense-strategy
This project explores issues of race and identity by studying how multiracial legislators view the relationship between their racial backgrounds and their legislative duties. The findings from this research will provide insight into the future political representation of minority communities.