Yellen: Rising National Debt Limits Our Ability to Respond to Future Downturns
In her final press conference as chair of the Federal Reserve, Janet Yellen said that she was "personally concerned about the U.S. debt situation."
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In her final press conference as chair of the Federal Reserve, Janet Yellen said that she was "personally concerned about the U.S. debt situation."
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2023/03/social-security-and-medicare-are-facing-serious-shortfalls
With a divided government, an opportunity exists for lawmakers to seek and find common ground on the nation’s pressing fiscal and economic challenges.
Since its establishment in 1935, Social Security has grown to become the largest program in the federal budget.
https://www.pgpf.org/blog/2023/02/social-security-reform-should-we-reduce-benefits
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
As a large portion of the American population lives well beyond retirement age, the total cost of providing healthcare will grow as well.
https://www.pgpf.org/blog/2022/12/how-does-the-aging-of-the-population-affect-our-fiscal-health
Mounting federal debt can cause interest rates to rise significantly, according to a new report released by the American Enterprise Institute (AEI).
https://www.pgpf.org/blog/2022/12/the-rising-national-debt-drives-up-interest-rates
Up to Us provides an opportunity for college students to raise awareness and engagement on America's long-term fiscal and economic challenges.
https://www.pgpf.org/blog/highlights-from-the-2014-up-to-us-campus-competition
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.