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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.
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
https://www.pgpf.org/budget-basics/2013-fall-fiscal-agenda-%E2%80%94-conclusion
The Peter G. Peterson Foundation today released the first edition of the Fiscal Confidence Index, a new, monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address the debt.
https://www.pgpf.org/press-release/2012/12/fci-press-release
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
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.
The updated 2010 projection is a slight improvement over CBO ‘s March estimate primarily as a result of higher than expected corporate revenues and receipts from the Federal Reserve.
https://www.pgpf.org/analysis/cbo%E2%80%99s-august-2010-budget-outlook
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 nation's long-term fiscal outlook is unsustainable. Publicly held debt currently equals 70 percent of gross domestic product, the most common measure of an economy's size.
https://www.pgpf.org/budget-basics/state-of-the-unions-finances/introduction
Budget battles policymakers have engaged in have failed to produce reforms to address the true drivers of long-term national debt.
https://www.pgpf.org/analysis/averting-a-shutdown-the-numbers-behind-the-last-minute-budget-bill
The Peter G. Peterson Foundation today convened a broad range of senior officials, policy-makers, elected leaders, and experts at its first-ever "2010 Fiscal Summit: America’s Crisis and A Way Forward" to launch a national bipartisan dialogue on America’s fiscal challenges.