Costs of Delaying Fiscal Reform
Waiting to act raises the cost of stabilizing the debt.
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Waiting to act raises the cost of stabilizing the debt.
Discover why our fiscal health and economic strength are so closely tied, and why it is important to get the deficit under control and work toward a balanced budget.
The Treasury projects that debt as a percentage of GDP will grow to more than five times the size of the U.S. economy in the next 75 years.
https://www.pgpf.org/blog/2024/03/delaying-fiscal-reform-is-costly-annual-treasury-report-warns
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
High inflation breeds instability, raising the risk of both higher interest rates and recession.
The federal budget is on an unsustainable and damaging fiscal trajectory, according to a new report from the nonpartisan Congressional Budget Office.
https://www.pgpf.org/analysis/2019/02/cbo-report-highlights-unsustainable-fiscal-outlook
CBO projects that, on our current path, the deficit will reach nearly $1 trillion next year and will total $12.4 trillion over the ten-year period from 2019.
https://www.pgpf.org/analysis/2018/04/cbo-report-outlines-dramatically-worse-fiscal-outlook
"A fiscal commission is most likely to succeed if the broader public is involved in the process," writes Sita Slavov.
CBO’s new report serves as a reminder that the lawmakers need to take into account our nation’s long-term fiscal challenges as they consider policy changes.
https://www.pgpf.org/blog/2017/01/top-three-takeaways-on-the-10-year-fiscal-outlook
Framing the national debt as a national security imperative, the Coalition for Fiscal and National Security is led by a group of distinguished defense, economic, and foreign policy leaders calling for sound fiscal and defense policies to reflect the realities of the 21st century.
https://www.pgpf.org/pgpf-programs-and-projects/coalition-for-fiscal-and-national-security