The U.K. Economic Crisis Proves That Debt Matters, Even for the United States
The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
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The economic turbulence in the United Kingdom demonstrates that fiscal responsibility is increasingly important in an era of high inflation and rising interest rates.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
Spending on healthcare in the United States has far outpaced other major healthcare systems without yielding better outcomes.
CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.
https://www.pgpf.org/blog/2019/09/what-is-an-alternative-fiscal-scenario
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.
https://www.pgpf.org/blog/2023/02/social-security-reform-should-we-reduce-benefits