Rising above the Gridlock to Govern
"Despite the harangue of the political class, for many Americans 'bipartisanship' is not a dirty word," writes Michael Steele.
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"Despite the harangue of the political class, for many Americans 'bipartisanship' is not a dirty word," writes Michael Steele.
The Peter G. Peterson Foundation’s December 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 America’s fiscal challenges, is 43 (100 is neutral), indicating voters’ ongoing concern about America’s fiscal future.
https://www.pgpf.org/press-release/2014/12/fci-press-release
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
Most working Americans are subject to payroll taxes, which are usually deducted automatically from an employee’s paycheck. Employers are also often subject to these types of taxes.
https://www.pgpf.org/budget-basics/budget-explainer-payroll-taxes
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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.
In an important acknowledgement of our nation’s unsustainable fiscal outlook, the President’s budget for fiscal year 2023 proposes to reduce deficits by $1 trillion over the next decade relative to current law.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2022
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
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