Analysis of GAO Update To Federal Government’s Long-Term Fiscal Outlook
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
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Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
These projections provide fresh evidence that the nation’s fiscal policy is on an unsustainable course and changes in policy will be needed.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
https://www.pgpf.org/analysis/the-debate-over-tax-expenditures
According to the report, reaching primary balance would require a reduction of $255 billion in the projected deficit in 2015.
https://www.pgpf.org/analysis/cap-shows-what-it-might-take-to-balance-the-budget
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
Chairman Paul Ryan's budget aims to shrink the size of government to about 20 percent of gross domestic product (GDP) in 2015 and to 15 percent of GDP in 2050.
The leaders we elect will be tasked with taming our growing national debt — making this one of the most critical elections in recent memory.
https://www.pgpf.org/analysis/will-the-presidential-candidates-debate-the-debt
The 114th Congress has a new opportunity to address our debt and long-term fiscal challenges, strengthen our economy, and put our nation's fiscal future on a sustainable path.
The PGPF summary closely examines the key areas of the latest federal financial statement, including: the economy, the budget, the debt, challenges ahead, and the economic recovery.
https://www.pgpf.org/analysis/summary-of-the-2009-financial-report-of-the-us
The updated 2010 projection is a slight improvement over CBO ‘s March estimate primarily as a result of higher than expected corporate revenues and receipts from the Federal Reserve.
https://www.pgpf.org/analysis/cbo%E2%80%99s-august-2010-budget-outlook