These Eight Decisions by Lawmakers in the Last Two Years Will Add $2.3 Trillion to the National Debt
Just eight actions over the past two years will add an estimated $2.3 trillion to deficits between 2021 and 2031.
The search found 206 results in 0.258 seconds.
Just eight actions over the past two years will add an estimated $2.3 trillion to deficits between 2021 and 2031.
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
In 2022, America faces key questions about rising inflation, new COVID variants, growing national debt and an uncertain economic recovery. To help shed light on a complex set of factors and indicators, the Peterson Foundation brought together two leading experts for the latest edition of the Economic Forum.
Without income from Social Security, two thirds of the elderly would be considered poor.
https://www.pgpf.org/blog/2018/09/what-effect-does-social-security-have-on-poverty
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
With our economy in recovery, the national debt rising unsustainably, the country still grappling with a devastating pandemic, and lawmakers pursing significant new legislation, America faces many critical questions for its future. To shed light on the best way forward, two top economists participated in a panel discussion as part of the latest edition of the Peterson Foundation Economic Forum.
The Stockton University team took first prize for its innovative campaign to educate and engage millennials on how to address America's long-term national debt.
https://www.pgpf.org/blog/stockton-university-wins-2015-up-to-us-college-campus-competition
GAO projects that debt held by the public could more than double over the next 30 years — rising from around 100 percent of gross domestic product (GDP) at the end of fiscal year 2021 to 217 percent in 2050.
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
Driven by rising interest rates and the accumulation of federal debt, interest will nearly triple in the next 10 years and reach a historic high relative to the size of the economy by 2032.