10 Charts that Show How the United States Failed to Improve Its Fiscal Outlook in 2023
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
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The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.
https://www.pgpf.org/blog/2021/07/spending-on-medicaid-spiked-due-to-the-coronavirus-pandemic
Sequestration is a budget procedure used by lawmakers to cancel or limit funding in order to meet budget goals.
https://www.pgpf.org/budget-basics/budget-basics-what-is-sequestration
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit
There's ongoing discussion in Washington about making changes to Medicaid. Learn more about the program.
https://www.pgpf.org/blog/2017/07/five-things-you-probably-dont-know-about-medicaid
A new paper from Manhattan Institute’s Brian Riedl examines ways to raise revenue from high-income Americans.
This project seeks to understand how mobility has evolved over the course of the 20th Century to predict how it may evolve over the next 30 years. It examines neighborhood factors that affect mobility and investigates whether the historical characteristics of childhood neighborhoods affect adult outcomes. The paper includes results for children by race, gender and levels of parental income.
High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the United States.
https://www.pgpf.org/blog/2024/01/why-are-americans-paying-more-for-healthcare
The top 20 percent of income earners receive over half the value of major tax expenditures.
https://www.pgpf.org/Chart-Archive/0199_distribution_tax_expenditures
The Social Security and Medicare Trustees released their annual reports, which show that these vital programs are on an unsustainable path.
https://www.pgpf.org/blog/2022/06/five-charts-about-the-future-of-social-security-and-medicare