Policy Makers Should Act Now to Address the Long-Term Fiscal Imbalance
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
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Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.
Each proposal presents a distinct vision of the role of the federal government in our economy.
https://www.pgpf.org/analysis/fiscal-year-2013-budget-proposals
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
“This record level of voter concern about our national debt reinforces the urgent need for fiscal responsibility and should encourage lawmakers to fulfill their promise to fully fund new programs,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/10/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2022
“It makes no sense that we allow programs as essential as Social Security and Medicare to remain on such shaky and uncertain fiscal ground," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2022
With a changing demography as the backdrop, the US 2050 project examines the economic forces and trends that will determine American living standards three decades from now.
Elderly and disabled beneficiaries make up a majority of Medicaid spending.
https://www.pgpf.org/chart-archive/0094_spending_medicaid_beneficiaries