National Debt to Double in Size and Other Key Takeaways from the CBO Long-Term Outlook
Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.
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Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.
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.
A pair of top policy experts offer insights into the economy, the effectiveness of relief legislation, and what it all means for the election and beyond.
The U.S. economy was in its longest expansion since World War II. The pandemic, however, has altered that trajectory.
https://www.pgpf.org/blog/2020/05/how-the-coronavirus-has-affected-our-economic-outlook
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
A range of coverage & analysis looking at what this news means for America's long-term fiscal outlook
https://www.pgpf.org/blog/2016/01/recommended-reading-cbo-highlights-the-return-to-rising-deficits
Despite a growing economy and low unemployment, federal budget deficits are projected to grow over the next 10 years.
https://www.pgpf.org/blog/2019/01/five-charts-that-summarize-cbos-budget-and-economic-outlook
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.