A Report on Fiscal Stimulus
While the recession has technically ended, our economy is still suffering and far from completely recovered.
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While the recession has technically ended, our economy is still suffering and far from completely recovered.
The Government Accountability Office recently issued an update in a series of reports detailing the fiscal position of state and local governments.
https://www.pgpf.org/analysis/state-and-local-governments-face-continued-fiscal-pressure
Here are principles for reform to help ensure that our budget process is conducive to fiscally responsible policymaking.
Policymakers should build on this foundation of bipartisanship to begin the significant further reforms that are necessary to put our nation on a sustainable fiscal path.
The lawmakers we choose this November will face critical fiscal and economic decisions in the next two, four, and six years.
https://www.pgpf.org/infographic/the-fiscal-election-whats-at-stake-in-this-election
The federal government is slated to borrow about $1.5 trillion this year, and that number is projected to nearly double over the next decade.
The Peter G. Peterson Foundation analysis of Congressional Budget Office's February 2013 "Budget and Economic Outlook" report: CBO Report Finds Historically High Debt Persists Throughout the Decade.
https://www.pgpf.org/analysis/cbo-report-finds-historically-high-debt-persists-throughout-the-decade
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
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