What’s the Difference between a Government Shutdown and the Debt Limit?
A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
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A government shutdown is costly, but failing to raise the debt limit could have more severe and lasting consequences.
Federal debt is already at its highest level since 1950 and is projected to climb to 152 percent of GDP under current law by 2048 — by far an all-time high.
https://www.pgpf.org/blog/2018/06/four-key-takeaways-from-the-cbo-2018-long-term-outlook
The paper examines the close linkage between America's fiscal health and economic performance.
https://www.pgpf.org/blog/pgpf-special-report-fiscal-balancing-act
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
Part of the problem when discussing America’s long-term debt is that it is often confused with short-term deficits.
https://www.pgpf.org/blog/2016/08/have-the-debt-and-deficits-gotten-better
Outside of the recent recession caused by the financial crisis and its aftermath, the U.S. government has never witnessed deficits that exceeded $1 trillion.
While the Tax Cuts and Jobs Act of 2017 will likely boost economic growth in the near term, the effects of the legislation are temporary.
Federal debt is already at its highest level since 1950 and is projected to climb to an all-time high.
https://www.pgpf.org/blog/2017/03/four-key-takeaways-from-the-cbo-long-term
Lawmakers should pursue policies that don’t make our fiscal outlook even worse.
https://www.pgpf.org/blog/2017/10/tax-cuts-then-and-now-the-debt-is-much-higher
New polling shows that voters want Hillary Clinton and Donald Trump to address the national debt in the upcoming debates.
https://www.pgpf.org/blog/2016/09/voters-national-debt-needs-to-be-part-of-the-debates