The Deficit Was Cut in Half in 2022 Thanks to the Expiration of Pandemic-Related Spending
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
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One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2023.
President Biden, speaking from the White House today, highlighted deficit reduction as a key way to relieve inflationary pressure and put our nation on a more sustainable economic path.
https://www.pgpf.org/blog/2022/05/president-highlights-importance-of-deficit-reduction
The federal budget deficit rose to $666 billion for fiscal year 2017 — an increase of around $80 billion from the previous year.
https://www.pgpf.org/blog/2017/10/federal-budget-deficits-rising-even-before-tax-cuts
The amount of defense spending in the United States dwarfs that of other nations — we spend more on defense than the next 9 countries combined.
https://www.pgpf.org/blog/2022/09/house-proposes-modest-increase-in-defense-spending
This piece examines spending on veterans within the budget and outlines the factors that have pushed it higher in recent years.
https://www.pgpf.org/blog/2024/04/spending-on-veterans-in-the-budget
The enactment of the Inflation Reduction Act is a promising step forward in our nation’s fiscal situation seriously.
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
https://www.pgpf.org/blog/2024/04/how-much-does-the-government-spend-on-international-affairs
President Trump released his fourth budget, which outlines the administration's policy proposals, budget projections, and economic forecast for the next decade.
Healthcare spending in the United States is a key driver of the nation’s fiscal imbalance and has risen notably over the past few decades.
https://www.pgpf.org/blog/2024/03/7-key-facts-about-us-healthcare-spending