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.
"Today’s CBO projections are the latest loud and clear warning about America’s unsustainable national debt," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/02/peterson-foundation-statement-on-new-cbo-report
“We need our leaders to rise to the urgency of the moment, but legislative gridlock continues to prevent progress on even the basics of budgeting," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/03/peterson-foundation-statement-on-presidents-budget
The results of the Peterson Foundation’s Solutions Initiative III are in: researchers from five leading think tanks agree that there are many ways to stabilize the nation’s long-term debt.
National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
https://www.pgpf.org/analysis/gao-sends-clear-warning-long-term-debt-is-on-an-unsustainable-path
"As lawmakers debate significant reforms, our growing deficits should be a factor in every policy conversation," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Americans maintain strongly negative attitudes about our nation’s fiscal challenges, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/07/fci-press-release
Americans remain deeply concerned about our nation’s long-term debt, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index.
https://www.pgpf.org/press-release/2013/06/fci-press-release
“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
A strong and stable economy with sustained job creation and broadly-shared growth ultimately requires a foundation of fiscal responsibility.
https://www.pgpf.org/pgpf-programs-and-projects/fiscal-balancing-act