Economists Agree: The National Debt is a Long-Term Concern for America
Although a range of views exists about optimal near-term fiscal policy, economists agree that America's mounting debt presents significant challenges.
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Although a range of views exists about optimal near-term fiscal policy, economists agree that America's mounting debt presents significant challenges.
The President’s budget for fiscal year 2022 calls for a large increase in nondefense discretionary spending next year as well as substantial spending for infrastructure and social programs over the upcoming decade.
Over the past decade, trillions of dollars were added to the national debt. Much of that growth in debt occurred as a result of the Great Recession.
https://www.pgpf.org/blog/2019/12/9-trillion-added-to-the-national-debt-over-the-last-decade
79% agree that a presidential candidate from their party should make the debt one of the top 3 priorities of his or her campaign.
https://www.pgpf.org/blog/2016/03/poll-voters-want-candidates-to-address-national-debt
The United States leads the world in an unfortunate category: the pace of growth in its debt.
Detailed analysis of the fiscal impact of the Fed's December 2015 rate increase.
https://www.pgpf.org/blog/pgpf-analysis-on-higher-interest-rates-the-national-debt
This past weekend's edition of PBS TV's "The Open Mind" welcomed PGPF President and CEO Michael A. Peterson for a half-hour interview.
https://www.pgpf.org/blog/michael-peterson-interview-on-pbs-the-open-mind
The report highlights the structural misalignment in the country’s budget and the resulting unsustainable fiscal trajectory.
Setting a higher minimum wage would affect family incomes in a variety of ways, including increasing earnings for most low-wage workers and lifting some families out of poverty.
The amount spent by the federal government on interest is large and growing. Net interest will become the third largest "program" in the budget by 2025.