Why is the U.S. Fiscal Outlook More Daunting Now than After World War II?
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.
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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.
Our fiscal situation was already unsustainable, but COVID-19 certainly did not help. Learn how the pandemic compounded our financial challenges in 13 charts.
https://www.pgpf.org/blog/2020/12/13-charts-that-tell-the-fiscal-story-of-2020
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 country’s fiscal trajectory got notably worse over the past year.
The President's budget includes a number of tax proposals that would increase revenues and reduce spending by $4.3 trillion over the next 10 years.
A new report from Ernst & Young examines the U.S. government’s current financial situation.
https://www.pgpf.org/blog/2016/09/ernst-young-warns-of-unsustainable-financial-imbalance
A group of respected policy experts share their views on how a bipartisan fiscal commission could help break the cycle of governing by crisis.
CBO’s report is the latest warning sign about the dire fiscal outlook.
The Financial Times and the Peterson Foundation have wrapped up a year-long initiative to track voter sentiment on economic and fiscal issues.
Significant majorities of voters across party lines agree that a commission would strengthen Social Security, lower borrowing costs, and improve our economic outlook.