President's Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
The search found 129 results in 0.273 seconds.
The president's budget misses an opportunity to address the structural causes of our debt and relies instead on overly optimistic economic assumptions.
A look at the Congressional Budget and Impoundment Control Act of 1974, on the 40th anniversary of its passage.
https://www.pgpf.org/analysis/q-and-a-congressional-budget-and-impoundment-control-act-of-1974
CBO estimates that the number of uninsured under age 65 rose by 1 million people and anticipates the total to rise by another million people this year.
Although this spending bill, along with the Bipartisan Budget Act of 2013, ends the cycle of lurching from crisis to crisis, it does not address the long-term fiscal challenges facing our nation.
https://www.pgpf.org/analysis/top-five-takeaways-%E2%80%94-consolidated-appropriations-act-of-2014
Under current policies, publicly held debt is projected to increase from 73 percent of gross domestic product in 2012 to 83 percent in 2023.
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-deficit-drop-is-temporary
According to the report, reaching primary balance would require a reduction of $255 billion in the projected deficit in 2015.
https://www.pgpf.org/analysis/cap-shows-what-it-might-take-to-balance-the-budget
The poverty rate in 2009 was 14.3 percent, up from 13.2 percent in 2008. This is the highest rate since 1994.
https://www.pgpf.org/analysis/census-bureau-report-on-poverty-and-health-insurance-coverage
While proposals to raise the retirement age are intended to improve the financial health of the Social Security program, GAO finds that such changes could produce an opposite result, while also having an adverse impact on some of society’s most vulnerable members.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.