Summary of the 2009 Financial Report of the U.S.
"In the wake of the recent economic crisis, the Treasury reported a record deficit in fiscal year 2009 of $1.4 trillion. Over the course of a single year, the federal government’s total liabilities, unfunded promises, such as Medicare and Social Security and other commitments and contingencies....
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President Obama's Executive Order Creating a CommissionNow that President Obama has issued an executive order establishing a bipartisan Fiscal Commission, it is time for Republicans and Democrats in Washington to live up to their responsibilities as elected leaders by working together to address our nation’s deteriorating finances and mounting fiscal challenges.... |
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An Effective Fiscal CommissionIn advance of President Obama’s State of the Union Address, PGPF discusses why President Obama should establish a fiscal commission by Presidential Order now that Congress has defeated the amendment that would have created a statutory commission, and outlines the necessary criteria for an effective commission. |
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CBO's Budget and Economic Outlook: 2010-2020Despite a slowly improving economic picture, latest projections from the Congressional Budget Office show that serious fiscal challenges remain that will, within 10 years, compromise the ability of the federal government to address important public needs. |
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CBO's Reestimate of the President's Budget
The Congressional Budget Office (CBO) has released its Preliminary Analysis of the President's 2011 Budget. CBO’s report re-estimates the President’s budget using CBO’s economic and technical assumptions. Over the 2011-2020 period CBO’s deficit estimates are more that $1 trillion higher than those projected by the Administration.
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Budgetball, a new sport developed to raise fiscal awareness, will debut on college campuses this spring starting with the University of Miami and Philander Smith College in Little Rock, Arkansas.
I.O.U.S.A.: Byte-Sized
The 30 Minute Version
"I.O.U.S.A." "may be to the U.S. economy what 'An Inconvenient Truth' was to the environment." -- Reuters .
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