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“This new report provides the latest evidence that our fiscal condition has worsened significantly since the pandemic began, and will need to be addressed once we’re through the COVID crisis,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
With the national debt at $26 trillion and counting, the nation’s fiscal health is a key issue for the 2020 campaign.
Defense spending by the United States accounted for nearly 40 percent of military expenditures by countries around the world in 2022.
Tax expenditures can come in the form of exclusions, exemptions, deductions, and credits.
They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources
The United States spends more on defense than the next 9 countries combined.
Our fiscal goal must be to stabilize the debt as a share of the economy, and put it on a downward path for the longer term.
https://www.pgpf.org/analysis/addressing-our-debt-a-national-security-imperative
The United States spent $766 billion on national defense during fiscal year (FY) 2022 according to the Office of Management and Budget, which amounted to 12 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense
During the final debates, it's up to us to pay attention to how our presidential candidates’ plans could impact America's future. While the budget and economy were already major topics, the upcoming debates will highlight national security and a range of other issues — both foreign and domestic — that also have implications for our long-term fiscal health.
https://www.pgpf.org/budget-basics/how-does-our-debt-affect-americas-foreign-policy