Federal Deficit and Debt: May 2023
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2023
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Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2023
NEW YORK — Americans continue to show high levels of concern about our nation's long-term debt, even as economic and near-term fiscal indicators show signs of improvement, according to the Peter G. Peterson Foundation’s latest Fiscal Confidence Index, a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address the debt.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
“It’s a positive step to see proposals which raise the debt ceiling while also beginning to address our unsustainable fiscal outlook," said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/04/peterson-foundation-statement-on-debt-ceiling-proposals
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
As Election Day approaches, the nation’s fiscal health remains a top concern for voters.
https://www.pgpf.org/press-release/2016/10/fci-press-release
“Voters are making the connection between recent tax and spending legislation and our rapidly growing national debt and deficits,” said Michael A. Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/06/fci-press-release
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
Americans’ fiscal confidence is at its lowest point since August 2015, according to the Peter G. Peterson Foundation’s February Fiscal Confidence Index.
https://www.pgpf.org/press-release/2018/02/fci-press-release