Statement on Deal to End Shutdown, Avoid Default
The Peterson Foundation releases a statement on the deal to end the government shutdown.
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The Peterson Foundation releases a statement on the deal to end the government shutdown.
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
“This shutdown has negatively affected the lives of millions of Americans, disrupted essential government services, and unnecessarily harmed the economy." Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
The Peter G. Peterson Foundation today launched a multi-platform online awareness campaign spotlighting the federal government's $56.4 trillion in financial obligations and unfunded promises.
https://www.pgpf.org/press-release/peterson-foundation-launches-tax-day-awareness-campaign
“Instead of governing by crisis and brinksmanship, our leaders should work collaboratively to address the major structural challenges in our budget," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
https://www.pgpf.org/press-release/2018/12/peterson-foundation-statement-on-government-shutdown
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
“Our country is on an unsustainable fiscal path, and reforming our broken budget process can be an important part of improving our fiscal future," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
Members of the United States House of Representatives and Senate return to Washington to face a number of important policy decisions and deadlines.
https://www.pgpf.org/blog/2018/09/with-election-looming-congress-returns-to-full-agenda
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2018, which was the first month of fiscal year 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2018