Op-Ed: A Real Debt Goal: 60 Percent by 2030
Michael A. Peterson pens an op-ed about debt goals for the U.S. for POLITICO.
https://www.pgpf.org/press-release/op-ed-a-real-debt-goal-60-percent-by-2030
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Michael A. Peterson pens an op-ed about debt goals for the U.S. for POLITICO.
https://www.pgpf.org/press-release/op-ed-a-real-debt-goal-60-percent-by-2030
“While the pandemic remains the top priority, voters believe that America’s deteriorating fiscal situation is also a key issue for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/09/fci-press-release
As President Obama and Congress confront the nation's fiscal outlook and other top priorities, the Peter G. Peterson Foundation is convening its fourth annual Fiscal Summit.
As part of the Up to Us initiative, student teams at various colleges and universities are kicking off competing campaigns designed to educate their peers on the effects of the nation's rising debt and motivate action in Washington on fiscal issues.
One issue that most lawmakers and voters agree on is that our tax system needs reform.
https://www.pgpf.org/infographic/how-the-us-tax-system-works
As fiscal discussions continue with deadlines imminent, The Peter G. Peterson Foundation’s September Fiscal Confidence Index registered continued negative public sentiment on the country’s fiscal challenges.
https://www.pgpf.org/press-release/2013/09/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2022
Although the President's budget would make progress by reducing deficits and stabilizing the debt over the next ten years, federal debt would remain high by historical standards.
https://www.pgpf.org/analysis/summary-of-cbos-analysis-of-the-presidents-budget-for-fiscal-year-2014
Budget battles policymakers have engaged in have failed to produce reforms to address the true drivers of long-term national debt.
https://www.pgpf.org/analysis/averting-a-shutdown-the-numbers-behind-the-last-minute-budget-bill
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.