Here’s Everything the Federal Government Has Done to Respond to the Coronavirus So Far
The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
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The pandemic has caused a public health crisis as well as substantial economic disruption. So far, lawmakers have enacted six separate pieces of legislation.
"Passing a bill to our kids is not the right way to pass a bill. This legislation is an example of fiscal irresponsibility," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/11/peterson-foundation-statement-on-house-tax-bill
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
"Today’s CBO report confirms that the era of declining deficits is over," according to Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
“CBO’s report shows 30 straight years of trillion-dollar deficits that grow and grow, leaving no doubt that we’re on a dangerous and unsustainable fiscal path.” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
A series of sudden, drastic changes to our nation's fiscal policies are slated to take place automatically at the end of this year — what many are calling the "Fiscal Cliff."
https://www.pgpf.org/analysis/the-fiscal-cliff-is-an-opportunity-for-long-term-action
“As the 2020 election begins, Americans are looking for leadership and solutions to our growing debt problem,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/01/fci-press-release
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2018, which was the first month of fiscal year 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2018