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Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
The Foundation is developing a growing program of initiatives and grants aimed at fostering improvements in the U.S. healthcare system, which Jeffrey D. Selberg, MHA, will shape and oversee.
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
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.
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.
Following the recent government shutdown and debt ceiling standoff, and as the Budget Conference Committee gathers, a new poll released today finds that a majority of voters in both parties are willing to give ground on key issues in order to achieve a much desired, long-term fiscal solution.
Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.
Michael Peterson writes an op-ed in Roll Call about the fiscal issues that plague the U.S. in the new year.
https://www.pgpf.org/press-release/op-ed-new-fiscal-year-same-fiscal-problems
Peter G. Peterson pens an op-ed in POLITICO about the coming fiscal issues now that Congress and the President have removed the threat of a government shutdown.
https://www.pgpf.org/press-release/op-ed-a-fiscal-deal-or-fiscal-crisis
The Congressional Budget Office’s new long-term projections show that the federal budget is on an unsustainable path.
https://www.pgpf.org/analysis/cbo-2013-long-term-budget-outlook-analysis