How Have Tax Cuts Affected the Economy and Debt? Here’s What We Know So Far
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.
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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 bill as written would move up the date we return to trillion dollar deficits by two years, to 2020.
Social Security, America’s essential public retirement program, is on a path to depletion in less than 10 years.
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
Interest rates on Treasury securities are rising faster than most economists anticipated earlier in the year, with potentially serious consequences for the nation’s fiscal position.
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).
https://www.pgpf.org/blog/2022/12/the-rising-national-debt-drives-up-interest-rates
For the first time in five years, the official poverty rate was higher than it was in the prior year, a result of the pandemic.
https://www.pgpf.org/blog/2021/12/poverty-rate-increased-for-the-first-time-in-five-years
Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.
https://www.pgpf.org/blog/2019/10/What-Does-the-Fed-Rate-Cut-Mean-for-the-Economy-and-National-Debt
Many Americans, young and old, may be confused by the complex set of issues that comprise how the government raises revenues and allocates them.
https://www.pgpf.org/blog/2023/06/what-is-fiscal-policy-interactive-teaching-tools
The likelihood of a return to higher interest rates is “both reasonably likely at some point and potentially calamitous for the federal government and broader economy.”
https://www.pgpf.org/blog/2022/05/do-higher-interest-rates-make-a-debt-crisis-more-likely