Voters Don't Want a Shutdown, They Want Action on the National Debt Instead
A new poll shows that nine-in-ten Americans want policymakers to work together to avoid a shutdown and focus on implementing solutions to our growing national debt.
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A new poll shows that nine-in-ten Americans want policymakers to work together to avoid a shutdown and focus on implementing solutions to our growing national debt.
“Nobody wins in a government shutdown, especially our economy and the American people,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/08/fci-press-release
In around six years, the national debt will likely exceed its all-time high of 106 percent of gross domestic product (GDP), which occurred in 1946.
Public schools for students in kindergarten through 12th grade are financed through a combination of local, state, and federal dollars in proportions that vary across and within states.
https://www.pgpf.org/budget-basics/how-is-k-12-education-funded
This budget explainer describes what Medicaid is, how it is financed, and who benefits from it.
https://www.pgpf.org/budget-basics/budget-explainer-medicaid
Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
https://www.pgpf.org/blog/2023/08/how-does-inflation-affect-the-federal-budget
Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
https://www.pgpf.org/content/fiscal-confidence-index-august-2023-results
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-July-2023
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-August-2023
Fitch Ratings recently downgraded the U.S. long-term credit rating from its top mark of AAA to AA+.
https://www.pgpf.org/blog/2023/08/what-the-fitch-downgrade-says-about-our-fiscal-challenges