Analysis of GAO Update To Federal Government’s Long-Term Fiscal Outlook
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
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Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
Fiscal policymakers representing the Treasury Department, other federal agencies, think tanks and Congress will face off against college students in the Budgetball Tournament on the National Mall this Sunday from 11:00am to 2:00pm ET. Players will include David Walker, former U.S. Comptroller General, and Robert Reischauer, former Director of the Congressional Budget Office.
https://www.pgpf.org/press-release/administration-and-congressional-teams-get-fiscal
The Peter G. Peterson Foundation today announced that it will air a series of informational ads as part of its broadcast sponsorship of the October 11 Bloomberg/Washington Post Republican Presidential Debate to raise voter awareness about the nation’s fiscal and economic issues.
https://www.pgpf.org/press-release/foundation-tv-radio-online-ads
Sequestration was designed to be a blunt instrument, whose arbitrary effects would be so undesirable that they would compel policymakers to reach compromise on budget legislation rather than allow the cuts to go into effect.
This outlook is particularly worrisome because the baby boom generation is beginning to retire and will place growing demands on Social Security, Medicare, and Medicaid in the 2020s.
“Debt matters because our fiscal irresponsibility threatens the economic future of every American,” said Michael Peterson, Chairman and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2018/05/2018-fiscal-summit-press-release
The Peter G. Peterson Foundation launches an original series of interactive data visualizations that are a new way to look at our national fiscal picture.
https://www.pgpf.org/press-release/press-advisory-a-new-way-to-look-at-our-national-debt
A broad, bipartisan majority of voters agree that the national debt is a key issue for the 2020 campaign.
https://www.pgpf.org/infographic/voters-agree-the-national-debt-is-a-bipartisan-priority
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.
Why Reform Our Corporate Tax Code?
https://www.pgpf.org/budget-basics/why-reform-our-corporate-tax-code