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At $19 trillion and growing, the national debt is threatening to harm our economy. In just over a decade, interest on the debt will become our third largest federal program — crowding out investments in critical programs like education, infrastructure, and R&D. But there's still time to secure our future.
“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbo-2017-long-term-budget-outlook
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
“America faces a new and uncertain landscape,” President and CEO Michael Peterson said — noting the challenges and opportunities related to our nation’s fiscal and economic out-look.
A distinguished Advisory Committee is guiding the project, bringing valuable expertise across the key research disciplines.
This panel featured perspectives from Representative Tom Reed (R-NY) and Representative Derek Kilmer (D-WA) from the Problem Solvers Caucus — a unique, bipartisan group in the U.S. House of Representatives that seeks areas of common ground.