PGPF Analysis of "Fiscal Cliff" Deal
Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.
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Recent budget reforms have not significantly improved the nation’s long-term fiscal outlook, according to a report released today by the Peter G. Peterson Foundation.
Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.
Michael A. Peterson releases a statement on the fiscal cliff agreement.
Policymakers should build on this foundation of bipartisanship to begin the significant further reforms that are necessary to put our nation on a sustainable fiscal path.
As the budget conference committee works towards a December 13th deadline, voters maintain a negative outlook on the country’s fiscal picture and call on policymakers to "spend more time" addressing the national debt.
https://www.pgpf.org/press-release/2013/11/fci-press-release
Following the recent government shutdown and debt ceiling standoff, and as the Budget Conference Committee gathers, a new poll released today finds that a majority of voters in both parties are willing to give ground on key issues in order to achieve a much desired, long-term fiscal solution.
Americans are increasingly concerned about the nation's long-term debt and pessimistic about Washington's ability to make progress in addressing the debt, according to the Peter G. Peterson Foundation's latest Fiscal Confidence Index, a monthly measure of public attitudes about the nation's long-term debt and the efforts elected leaders are making to address the debt.
https://www.pgpf.org/press-release/2013/01/fci-press-release
FOR IMMEDIATE RELEASE
Contact: Sarah Stipicevic, Press Secretary
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The September 2013 Fiscal Confidence Index, Modeled after the Consumer Confidence Index, is 43 (100 is Neutral); Tenth Straight Month of Strongly Negative Public Sentiment
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.