Costs of Delaying Fiscal Reform
Waiting to act raises the cost of stabilizing the debt.
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Waiting to act raises the cost of stabilizing the debt.
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
“America’s fiscal outlook is more dangerous and daunting than ever, threatening our economy and the next generation."
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
At $34 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
https://www.pgpf.org/top-10-reasons-why-the-national-debt-matters
“Today’s CBO report confirms that major damage was done to our fiscal outlook in just the past few months," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
"Establishing a bipartisan fiscal commission could be the first step towards breaking this fiscal deadlock and setting national priorities," writes Ben Ritz
https://www.pgpf.org/expert-views/fiscal-commission/setting-up-a-fiscal-commission-for-success
CBO’s report is the latest warning sign about the dire fiscal outlook.
The more important question for fiscal policy is what happens when monetary policy normalizes.