Budget Basics: The Elements
Controlling our structural budget deficits will require major changes in budget policy.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/the-elements
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Controlling our structural budget deficits will require major changes in budget policy.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/the-elements
Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.
https://www.pgpf.org/blog/2018/06/four-key-takeaways-from-the-cbo-2018-long-term-outlook
“The national debt is already $34 trillion, but as it grows over the next three decades, we’ll spend more than double that on interest alone,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/03/fci-press-release
Policymakers use the federal budget process to establish spending priorities and identify revenue to pay for those activities.
https://www.pgpf.org/finding-solutions/understanding-the-budget
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
https://www.pgpf.org/blog/2017/03/four-key-takeaways-from-the-cbo-long-term
Through easy-to-understand language and charts, the State of the Union’s Finances explains the enormous fiscal challenges we face, based on the official financial statements of the U.S. government.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances
“As lawmakers rightly continue to pursue policies that help our nation respond to the immediate health and economic crisis, voters are also showing increased concern about our deteriorating fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/07/fci-press-release
Gridlock "means ever rising debt as a share of GDP, the prospect of economic turmoil, and lower living standards than otherwise for our children and grandchildren," writes G. William Hoagland.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
As the nation emerges from a divisive campaign season with a range of complex challenges awaiting a new administration and Congress, Americans remain deeply concerned about the rising national debt.
https://www.pgpf.org/press-release/2020/11/fci-press-release