The Federal Budget Primer
The Peter G. Peterson Foundation presents a primer on the federal budget.
https://www.pgpf.org/budget-basics/the-federal-budget-primer
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The Peter G. Peterson Foundation presents a primer on the federal budget.
https://www.pgpf.org/budget-basics/the-federal-budget-primer
This project seeks to understand how mobility has evolved over the course of the 20th Century to predict how it may evolve over the next 30 years. It examines neighborhood factors that affect mobility and investigates whether the historical characteristics of childhood neighborhoods affect adult outcomes. The paper includes results for children by race, gender and levels of parental income.
The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
The results of the national survey, commissioned by the Foundation and released today, show that amidst the current economic crisis, there is strong consensus about the fundamental importance of the country's sustained fiscal health, and that Americans place a high priority on tackling the federal government's growing budget deficit and debt.
President Obama's budget keeps the debt from rising as a share of the economy, but it does not address the key drivers of our long-term unsustainable debt.
The budget would achieve some deficit reduction on paper under the administration's calculations, but it fails to address the key drivers of our debt.
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
https://www.pgpf.org/blog/2017/10/federal-budget-deficits-rising-even-before-tax-cuts
The total cost of the Tax Cuts and Job Act is estimated to be $1.7 trillion between 2018 and 2027.
https://www.pgpf.org/blog/2017/11/what-the-interest-on-deficit-funded-tax-legislation-would-cost
"Congress should be taking into account when designing fiscal policy is the need to achieve sustainability of this debt path over time,” Yellen said.
https://www.pgpf.org/blog/2017/07/yellen-congress-should-factor-national-debt-into-policy-decisions
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for June 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-june-2019