Can a New Congress — and a Divided Government — Make Progress on Fiscal Challenges?
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
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A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
Our high and rising debt is “a big burden placed on current citizens, based on our past budgetary irresponsibility,” said Michael Peterson, CEO of the Peter G. Peterson Foundation, in a recent appearance on C-SPAN’s Washington Journal.
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
“The federal government’s fiscal path is unsustainable," warns the Government Accountability Office.
Trump outlined some broad strokes of his budget proposal, but lawmakers and voters are anxious to see where the administration stands on a number of issues.
https://www.pgpf.org/blog/2017/03/the-fiscal-month-in-review-questions-about-policy-specifics-remain
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
While Congress has not taken steps toward reining in our high and rising national debt, lawmakers did address a couple of pending fiscal items.
Healthcare in the United States is very expensive — but we don’t get what we pay for.
https://www.pgpf.org/blog/2023/07/why-the-american-healthcare-system-underperforms
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2023/03/social-security-and-medicare-are-facing-serious-shortfalls
Today, the nonpartisan Congressional Budget Office (CBO) released its Long-Term Budget Outlook, which offers a look at the nation’s fiscal health through 2052.