Expert Views: Inflation, Interest and the National Debt
On November 14th, William Dudley and Nela Richardson, joined us to discuss the optimal mix of fiscal, monetary and economic policy to steer us through a challenging inflationary period.
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On November 14th, William Dudley and Nela Richardson, joined us to discuss the optimal mix of fiscal, monetary and economic policy to steer us through a challenging inflationary period.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
"With high inflation, economic uncertainty and the national debt surpassing $31 trillion, voters are rightly concerned about our nation’s fiscal and economic outlook in this year’s pivotal election,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/10/fci-press-release
There are many critical differences between our two nations, but are there lessons to be learned by US policymakers from the UK predicament?
https://www.pgpf.org/blog/2022/10/does-uk-crisis-hold-fiscal-economic-lessons-for-us-policymakers
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2022
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2022
Unemployment insurance (UI) is a joint state-federal program that was established in 1935 to provide temporary financial assistance to workers who become unemployed by no fault of their own.
https://www.pgpf.org/budget-basics/budget-basics-unemployment-insurance-explained
“Our national debt is so large, we’re already paying more than $1 billion every day on interest, and that’s growing fast,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/09/fci-press-release
President Biden’s proposed policies, if enacted, would reduce deficits over the next decade, according to an analysis recently published by the Congressional Budget Office (CBO).