Statement by Michael A. Peterson, Vice Chairman of the Peter G. Peterson Foundation, on Congressional Budget Office Outlook - Jan 2011
The Peter G. Peterson Foundation on the Congressional Budget Office outlook.
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The Peter G. Peterson Foundation on the Congressional Budget Office outlook.
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
According to CBO, the fiscal condition of the United States has deteriorated since its last report issued in August.
https://www.pgpf.org/analysis/cbo%E2%80%99s-latest-budget-projections-a-deteriorating-fiscal-outlook
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
The Peterson Foundation cited new projections which demonstrate that $1.2 trillion in deficit reduction that fails to address the fundamental drivers of our growing debt will not stabilize the level of debt relative to the economy, which is the real test of any long-term fiscal plan.
The Government Accountability Office recently issued an update in a series of reports detailing the fiscal position of state and local governments.
https://www.pgpf.org/analysis/state-and-local-governments-face-continued-fiscal-pressure
Over the next several weeks, as the President and Congress confront the "fiscal cliff," they will have a big opportunity to make the right choice.
The Peter G. Peterson Foundation is the official broadcast sponsor of the Bloomberg/Washington Post Republican Presidential Debate — a debate focused on the American economy.
https://www.pgpf.org/pgpf-programs-and-projects/presidential-candidates-debate-fiscal-issues
The Peter G. Peterson Foundation issues a statement on fiscal negotiations.
The latest report by the CBO on the outlook for the U.S. budget and economy highlights the costs of the ongoing weakness in our economy and uncertain direction of our nation’s fiscal policies.
https://www.pgpf.org/analysis/summary-of-cbo-update-on-budget-and-economic-outlook