National Debt to Double in Size and Other Key Takeaways from the CBO Long-Term Outlook
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
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The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
An analysis of the findings, and the official Foundation statement from President and CEO Michael A. Peterson.
https://www.pgpf.org/blog/pgpf-analysis-statement-on-cbo-january-2016-budget-economic-outlook
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
Spending on healthcare in the United States has far outpaced other major healthcare systems without yielding better outcomes.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
CBO prepares what is known as an alternative fiscal scenario, which can be helpful in understanding a range of potential outcomes.
https://www.pgpf.org/blog/2019/09/what-is-an-alternative-fiscal-scenario
These charts tell the fiscal story of 2021 — looking back at how our fiscal situation deteriorated over the past year and what challenges lie ahead.
Lower levels of debt allow governments to respond more effectively to a recession or financial crisis.
To illuminate what the latest economic indicators mean, connect the dots, and discuss how CBO analysis helps policymakers, CBO Director Phillip Swagel joined Peterson Foundation CEO Michael Peterson for the latest Economic Forum.