The U.S. Fiscal Outlook Has Gotten Worse Over the Past Year — Here’s Why
The country’s fiscal trajectory got notably worse over the past year.
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The country’s fiscal trajectory got notably worse over the past year.
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.
https://www.pgpf.org/blog/2024/01/growing-momentum-for-a-fiscal-commission-in-congress
GAO projects debt held by the public would more than double over the next 30 years.
CBO’s report is the latest warning sign about the dire fiscal outlook.
Projections of the long-term budget outlook have deteriorated significantly since last year.
https://www.pgpf.org/blog/2016/07/four-key-takeaways-from-the-long-term-budget-outlook
Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.
https://www.pgpf.org/blog/2021/07/11-charts-that-show-how-our-national-debt-grew-in-2019
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
https://www.pgpf.org/blog/2023/06/what-is-fiscal-policy-interactive-teaching-tools
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
Federal programs that invest in children are not only critical to the health and well-being of the youngest Americans, but they can also provide long-term benefits to the nation’s economy.