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    Explainers

    Taxes | PGPF Fiscal Issue Primers

    Each year, some of the revenue the federal government collects comes from various taxes. In 2012, taxpayers paid almost $2.5 trillion, which the government used to partially fund $3.5 trillion worth of spending on Social Security, health care, and other programs in areas such as defense and education. The remainder of spending was funded through deficits.


    https://www.pgpf.org/budget-basics/taxes-primer

    Press Releases & Statements

    Peterson Foundation Statement on Student Debt Forgiveness Announcement

    “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.


    https://www.pgpf.org/press-release/2022/08/peterson-foundation-statement-on-student-debt-forgiveness-announcement

Expert Views: Fiscal Commission

We asked experts with diverse views from across the political spectrum to share their perspectives.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.