Solutions Initiative III: Projected Federal Debt Through 2040
PGPF Solutions Initiative III plans from five think tanks show declining federal debt through 2039.
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PGPF Solutions Initiative III plans from five think tanks show declining federal debt through 2039.
Under the president’s budget, federal debt will remain historically high, roughly double its average over the past 50 years.
https://www.pgpf.org/analysis/presidents-budget-not-enough-to-solve-our-long-term-fiscal-challenges
The Volcker Alliance, building off prior work by the State Budget Crisis Task Force, has released a preliminary report studying fiscal practices at the state-government level.
As we enter a new year, the Peter G. Peterson Foundation’s January Fiscal Confidence Index is 52 (100 is neutral), indicating voters’ ongoing concern about America's fiscal future.
https://www.pgpf.org/press-release/2015/01/fci-press-release
Today, the Congressional Budget Office released its Update to the Budget and Economic Outlook: 2015-2025, which projects that federal debt will rise to 77 percent of GDP in 2025, a historically high level of debt that threatens economic growth over the long term.
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
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
The president and Congress must reach a compromise that reconciles their disagreements before September 30, or else they will risk a partial government shutdown.
https://www.pgpf.org/analysis/comparing-the-congressional-and-presidential-budgets
Budget battles policymakers have engaged in have failed to produce reforms to address the true drivers of long-term national debt.
https://www.pgpf.org/analysis/averting-a-shutdown-the-numbers-behind-the-last-minute-budget-bill