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“By any measure, the state of the Union’s fiscal outlook is unsustainable, and getting worse,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“CBO’s report shows 30 straight years of trillion-dollar deficits that grow and grow, leaving no doubt that we’re on a dangerous and unsustainable fiscal path.” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
InDebtEd (short for "in-debt education") is a joint campaign by PGPF and MTV's campus network, mtvU, to alert college students to the personal and governmental dangers of financial irresponsibility. The program encourages students to take action to secure their futures. The campaign's aim is to empower young people to protect themselves financially and to work together to advocate government fiscal responsibility in order to change the course of the nation's future.
“Rising interest rates mean rising interest costs, and Americans understand that’s a major problem for a country that’s $30 trillion in debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/03/fci-press-release
If we regard the U.S. government as a firm, this firm is in a sticky situation in which the valuation of its cash flows is below the amount of its outstanding liability.
“Today’s Fed action is an important reminder that interest rates do not remain low forever, and have significant implications for our national debt," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2022/03/peterson-foundation-statement-on-fed-action
While countries continue to recover from the crisis, the international fiscal outlook has not substantially improved.
https://www.pgpf.org/analysis/fiscal-monitor-series-navigating-the-fiscal-challenges
The greatest gift today’s leaders can give to future generations is the fiscal room to solve their own problems.
“The Biden Administration has put forward thoughtful proposals aimed at creating jobs for working- and middle-class families, increasing our global competitiveness, and addressing important national priorities like infrastructure, climate change, and racial equity," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for July 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-july-2021