The National Debt Affects Our Ability to Address Key Priorities
Americans want to live in a nation with widespread opportunity, a positive leadership role in the world, and a bright economic future for generations to come.
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Americans want to live in a nation with widespread opportunity, a positive leadership role in the world, and a bright economic future for generations to come.
"No party, or even individual member, has bragging rights when it comes to advocating for, or making progress on, reducing the deficit and debt," writes Heidi Heitkamp.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
The United States spent $766 billion on national defense during fiscal year (FY) 2022 according to the Office of Management and Budget, which amounted to 12 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
In the waning days of the 2020 campaign and as the nation continues to endure the coronavirus pandemic, voters remain deeply concerned about the record and rising national debt.
https://www.pgpf.org/press-release/2020/10/fci-press-release
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
"Despite the harangue of the political class, for many Americans 'bipartisanship' is not a dirty word," writes Michael Steele.
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
The growing cost of prescription drugs presents a significant challenge to the quality and affordability of healthcare in the United States.
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.