With U.S. Interest Costs Skyrocketing, Voters Overwhelmingly Call for Fiscal Commission
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
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Voters are deeply concerned about interest costs eating up more and more of the federal budget.
Recent news stories have highlighted the good news that very near-term deficits are decreasing. That good news, unfortunately, will be short-lived.
https://www.pgpf.org/blog/2014/02/good-news-about-improving-deficits-will-be-short-lived
The bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
As more time passes since enactment, and as more data become available, economists continue to weigh in with analyses of the TCJA’s effects.
Federal outlays for Unemployment Insurance are rapidly returning to previous levels. Nevertheless, unemployment remains higher than pre-pandemic levels.
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
The general consensus among economists is that the long-term effects of the TCJA will be higher debt and little change to underlying economic growth.
The federal deficit is projected to be over $1 trillion each year for the next 10 years.
https://www.pgpf.org/blog/2022/09/1-trillion-deficits-are-projected-for-the-foreseeable-future
The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.
https://www.pgpf.org/blog/2021/07/spending-on-medicaid-spiked-due-to-the-coronavirus-pandemic
There are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress.