This Fiscal New Year May Mark a Permanent Return to Trillion-Dollar Deficits
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
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Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
Student debt is one of the biggest challenges young people will face as they prepare to enter adulthood, and is often their first encounter with debt.
The paper examines the close linkage between America's fiscal health and economic performance.
https://www.pgpf.org/blog/pgpf-special-report-fiscal-balancing-act
While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
Trump outlined some broad strokes of his budget proposal, but lawmakers and voters are anxious to see where the administration stands on a number of issues.
https://www.pgpf.org/blog/2017/03/the-fiscal-month-in-review-questions-about-policy-specifics-remain
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
Over the next 10 years, the cumulative deficit would total $13.9 trillion if the President’s policies were carried out.
https://www.pgpf.org/blog/2021/09/deficits-will-remain-over-1-trillion-for-the-next-decade
Under current law, the U.S. budget deficit will exceed $1 trillion each year beginning in 2022 and total $11.4 trillion over the upcoming decade.
Budget process rules like PAYGO help ensure that fiscal considerations are an important part of policymaking.
https://www.pgpf.org/blog/2019/01/the-house-is-returning-to-PAYGO
A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.