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Powell noted that the current economic expansion is the longest on record and emphasized the need to consider the long-term implications of fiscal policy.
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.
“As America’s leaders consider costly new spending proposals and tax cuts, today’s CBO report is a timely reality check," Michael A. Peterson, CEO of the Peter G. Peterson Foundation
https://www.pgpf.org/press-release/2019/06/Peterson-Foundation-long-term-budget-outlook
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
As the nation approaches key deadlines relating to the debt ceiling and funding the government as well as debates on tax reform, American voters are calling for the national debt to be a top priority.
https://www.pgpf.org/press-release/2017/08/fci-press-release
An overwhelming majority of Americans, 82 percent, say the long-term national debt is an important factor when it comes to deciding how they will vote in the November midterm elections, according to a new poll released today by the Peter G. Peterson Foundation.
The Peter G. Peterson Foundation’s final Fiscal Confidence Index for 2013 shows that American voters hold deep concerns about the nation’s long-term fiscal health, continuing a consistent 12-month trend.
https://www.pgpf.org/press-release/2013/12/fci-press-release
NEW YORK — The Peter G. Peterson Foundation’s final Fiscal Confidence Index for 2013 shows that American voters hold deep concerns about the nation’s long-term fiscal health, continuing a consistent 12-month trend.
Similar to previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.
As the presidential debate season begins, voters remain deeply concerned about the country’s long-term fiscal health.
https://www.pgpf.org/press-release/2016/09/fci-press-release