CBO’s Projections Indicate Our Fiscal Trajectory Remains Unsustainable
CBO’s report is the latest warning sign about the dire fiscal outlook.
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CBO’s report is the latest warning sign about the dire fiscal outlook.
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
The primary deficit focuses on the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.
https://www.pgpf.org/blog/2024/02/what-is-the-primary-deficit
Our mission is to increase awareness of the nature and urgency of key fiscal challenges threatening America’s future and to accelerate action on them.
Reporting to the Senior Manager, Grant Operations, this position is a key contributor to the grantmaking function of the Foundation.
https://www.pgpf.org/about/careers/associate-grant-operations
Michael Peterson released a statement today on the CBO's updated budget projections.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2023
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1800 to 1929.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
“Today’s new survey shows that fiscal concerns are top of mind in this election, and they want leaders who are committed to solutions,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/04/fci-press-release