Budget Basics: Spending Primer
The U.S. spent $187 billion on interest payments alone in 2009.
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The U.S. spent $187 billion on interest payments alone in 2009.
While the recession has technically ended, our economy is still suffering and far from completely recovered.
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
The United States, by far, spends the greatest amount on military (in nominal terms) than any other country.
https://www.pgpf.org/analysis/why-defense-matters-for-deficit-reduction
Over the 2011-2020 period CBO’s deficit estimates are more that $1 trillion higher than those projected by the Administration.
https://www.pgpf.org/press-release/cbos-reestimate-of-the-presidents-budget
While countries continue to recover from the crisis, the international fiscal outlook has not substantially improved.
https://www.pgpf.org/analysis/fiscal-monitor-series-navigating-the-fiscal-challenges
The Peter G. Peterson Foundation issues a statement on President Obama's executive order creating a fiscal commission.
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 Peter G. Peterson Foundation launches campaign to address debt.
https://www.pgpf.org/press-release/2010/11/peterson-foundation-to-launch-campaign-to-address-debt
The Peter G. Peterson Foundation releases a statement on the vote by the National Commission on Fiscal Responsibility and Reform.