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"In today’s reports, once again, the trustees warn us that Social Security and Medicare face serious challenges."
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.
Social Security is the largest single federal program, and accounts for approximately one quarter of all federal spending.
https://www.pgpf.org/blog/celebrating-social-securitys-80th-anniversary
The Volcker Alliance, building off prior work by the State Budget Crisis Task Force, has released a preliminary report studying fiscal practices at the state-government level.
I.O.U.S.A. is a 2008 documentary about the America's looming fiscal crisis. The film opened in over 300 theaters, followed by private showings on college campuses, in corporate media rooms and at community clubs.
Michael A. Peterson, President & COO of PGPF, commented today following the release of the President's FY2016 Budget.
The Peter G. Peterson Foundation today convened a broad range of senior officials, policy-makers, elected leaders, and experts at its first-ever "2010 Fiscal Summit: America’s Crisis and A Way Forward" to launch a national bipartisan dialogue on America’s fiscal challenges.
Soaring from $255 billion in 2016 to $830 billion in 2026.
https://www.pgpf.org/blog/2016/02/chart-of-the-week-net-interest-costs-on-national-debt-to-rise
"Over the long term, the president’s budget leaves in place a permanent mismatch between revenues and spending that will fuel a rising and unsustainable debt."
The combined Social Security trust funds are projected to be fully depleted by 2034 — just 18 years from now.
https://www.pgpf.org/analysis/2016/06/trustees-warn-social-security-in-financial-trouble