The Stakes
Establishing a framework for long-term fiscal sustainability will narrow the gap between federal revenues and spending, and, by doing so, improve prospects for economic growth.
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Establishing a framework for long-term fiscal sustainability will narrow the gap between federal revenues and spending, and, by doing so, improve prospects for economic growth.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
https://www.pgpf.org/analysis/the-debate-over-tax-expenditures
Under current spending and tax policies, federal debt would be on a path that climbs to about 200 percent of gross domestic product within 25 years, according to CBO.
Civic leaders, top CEOs and leading budget experts met in Washington, D.C. today to discuss the national debt and America's unsustainable fiscal trajectory, and to announce the launch of The Campaign to Fix the Debt.
Peter G. Peterson releases a statement on President Barack Obama's State of the Union address.
Foundation President Michael A. Peterson releases a statement on CBO's long-term budget outlook.
Building on work that began with the Foundation's Solutions Initiative last year, experts from the American Action Forum, the Bipartisan Policy Center, the Center for American Progress, the Economic Policy Institute and The Heritage Foundation have each composed specific plans to set the country on a more sustainable fiscal path, and set out their top priorities for the President and Congress.
Michael A. Peterson releases a statement on President Barack Obama's budget.
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
The Peter G. Peterson Foundation releases a statement on President Obama's State of the Union Address.