CBO Warns: Fiscal Outlook Remains Unsustainable
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
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Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Even as Congressional leaders and the president discuss a potential temporary solution to the current stalemate over the government shutdown and the debt ceiling, the repeated cycle of lurching from crisis to crisis has significant and real costs to the U.S. economy.
https://www.pgpf.org/analysis/the-cost-of-crisis-driven-fiscal-policy
A strong fiscal outlook is an essential foundation for a growing, thriving economy – but our current debt-to-GDP ratio is the highest it has been since 1950.
https://www.pgpf.org/infographic/infographic-the-fiscal-state-of-play
Peterson Philanthropies is a network of nonprofit, nonpartisan organizations engaging in a range of initiatives to strengthen the current economic and democratic foundations of the United States, and build a brighter future for the next generation.
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
What is a balanced budget amendment to the Constitution, and how would it work in practice?
https://www.pgpf.org/budget-basics/balanced-budget-amendment-pros-and-cons
Learn about what types of initiatives and programs are eligible for grants from the Peter G. Peterson Foundation.
https://www.pgpf.org/what-we-are-doing/grants/eligibility-requirements-for-grants
As chairman and chief executive officer of the Peter G. Peterson Foundation, Michael Peterson oversees the strategic direction of the Foundation, guiding policy and shaping strategy for its major initiatives, key partnerships, and long-term objectives.