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.
The Peter G. Peterson Foundation leverages its unique role as an effective convener of individuals, organizations and ideas. In bringing together America's most respected voices from across the ideological spectrum, the Foundation demonstrates that good solutions not only exist, but they also can gain broad support.
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago.
CBO projects that, on our current path, the deficit will reach nearly $1 trillion next year and will total $12.4 trillion over the ten-year period from 2019.
https://www.pgpf.org/analysis/2018/04/cbo-report-outlines-dramatically-worse-fiscal-outlook
“Addressing our nation’s unprecedented and unsustainable debt is critical to securing a strong, growing economy of the future,” said Pete Peterson, Founder and Chairman of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/05/2017-fiscal-summit-press-release
The 2016 Fiscal Summit convenes lawmakers and leading experts in election year discussion about the leadership required to secure America’s fiscal and economic future.
https://www.pgpf.org/press-release/2016/04/2016-fiscal-summit-press-release
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
Convened in November 2012, "Post-Election: The Fiscal Cliff and Beyond" brought together top elected leaders and policy experts to discuss potential paths forward for America.
https://www.pgpf.org/what-we-are-doing/events/the-fiscal-cliff-and-beyond