National Debt to Double in Size and Other Key Takeaways from the CBO Long-Term Outlook
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
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The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year's amount.
https://www.pgpf.org/blog/2023/12/americas-underlying-deficit-doubled-in-fiscal-year-2023
A new paper from Manhattan Institute’s Brian Riedl examines ways to raise revenue from high-income Americans.
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
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
We asked 10 respected policy experts from across the ideological spectrum to share their views on a fiscal commission. Here are the key takeaways.
https://www.pgpf.org/blog/2023/11/what-the-experts-are-saying-about-a-bipartisan-fiscal-commission
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
These charts illustrate some of the biggest fiscal policy stories from 2017.
https://www.pgpf.org/blog/2017/12/ten-charts-that-sum-up-this-year-in-fiscal-news
CBO updated its budget projections this week, confirming that for the first year since 2009, deficits as a share of GDP are on the rise again.
https://www.pgpf.org/blog/2016/08/three-key-takeaways-from-the-updated-budget-projections