A Valuation Approach to Government Balance Sheet
If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
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If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
“As our debt crosses $31 trillion, it’s past time for action," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
“With the nation still in the grips of a devastating public health and economic crisis, President Biden and the new Congress are right to explore additional relief and recovery legislation, but it’s also critical that we remain mindful of our long-term fiscal outlook, which has gotten far worse as our debt now exceeds the size of our economy,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/01/fci-press-release
President Obama's budget keeps the debt from rising as a share of the economy, but it does not address the key drivers of our long-term unsustainable debt.
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
Real GDP could have contracted by an annualized 46.2 percent in the second quarter if there had not been any fiscal response.
https://www.pgpf.org/blog/2023/04/how-did-the-fiscal-response-to-the-coronavirus-help-the-economy
On November 14th, William Dudley and Nela Richardson, joined us to discuss the optimal mix of fiscal, monetary and economic policy to steer us through a challenging inflationary period.
A new poll released today commissioned by the Peter G. Peterson Foundation finds that 83% of voters believe the debt should be a high priority in the President’s speech.