Analysis: The President’s FY 2019 Budget Fails to Put Us on Responsible Fiscal Path
The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago.
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The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago.
“No review of the state of our union is complete without acknowledging our nation’s high and rising debt," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
A newly released poll by the Peter G. Peterson Foundation shows that voters overwhelmingly support bipartisan action to reduce our national debt, and are willing to make personal sacrifices to help achieve that goal. These responses paint a stark contrast with the political gridlock and polarizing rhetoric that we have seen in Washington recently — and are likely to see during the 2012 election cycle.
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
These projections provide fresh evidence that the nation’s fiscal policy is on an unsustainable course and changes in policy will be needed.
Over one-third of American children are covered by Medicaid or the Children's Health Insurance Program (CHIP).
https://www.pgpf.org/chart-archive/0097_children_medicaid_chip
The United States ranks 13th in quality of overall infrastructure according to the World Economic Forum.
https://www.pgpf.org/chart-archive/0215_infrastructure-ranking-by-country-world-economic-forum
The fraction of children who earn more than their parents has decreased over time.
The outlook for the federal budget has worsened considerably since last year, according to a new report.
Medical spending increases rapidly with age.
https://www.pgpf.org/chart-archive/0020_medical-spending-by-age