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“On the heels of the first meaningful deficit reduction initiative in years in the Inflation Reduction Act, it’s highly irresponsible, unfortunate and unwise to wipe out those fiscal benefits with this announcement," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Let's take a closer look at a few key characteristics of Treasury borrowing that can affect its budgetary cost.
https://www.pgpf.org/blog/2023/08/how-does-the-treasury-issue-debt
Although the debt affects each of us, it may be difficult to put such a large number into perspective and fully understand its implications.
https://www.pgpf.org/infographic/the-national-debt-is-now-more-than-34-trillion-what-does-that-mean
Become a fiscal leader to help educate and inspire others on the importance of improving our fiscal policy.
“Interest costs are skyrocketing to record levels, damaging our nation’s budget, economy and future," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
“Sadly, we rung in the new year reaching a new record milestone of $34 trillion in national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/12/fci-press-release
The Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
The Fiscal Confidence Index is a national survey that measures public opinion about the national debt.