Peterson Foundation Statement on Fiscal Commission Legislation
“It’s very encouraging to see bipartisan, bicameral support for a fiscal commission to recommend solutions to our $33 trillion and growing national debt."
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“It’s very encouraging to see bipartisan, bicameral support for a fiscal commission to recommend solutions to our $33 trillion and growing national debt."
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
“Across party lines, overwhelming majorities of voters are deeply concerned about the $33 trillion and growing national debt, and they want their leaders to take action,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/10/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2023
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2023
"The deficit has essentially doubled in just one year. That’s very alarming, but the fact that the deficit grew so much during a time of economic growth is an even more serious warning sign for our nation’s future."
https://www.pgpf.org/press-release/2023/10/peterson-foundation-statement-as-deficit-soars
Lawmakers have previously implemented various forms of caps to restrain spending and such efforts have been effective at times
https://www.pgpf.org/blog/2023/10/do-budget-caps-work-6-ways-to-make-them-more-effective
“Rather than engaging in partisan battles and fiscal brinksmanship, voters want their leaders to work together on real solutions to our national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/09/fci-press-release
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.