Understanding Complex Budget Terms and Processes: What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
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PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
“Timing gimmicks not only game the budget, but can be highly disruptive to our economy and society because of the year-to-year uncertainty they present for millions of Americans," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The projects, which address problems ranging from mental health to food security to the impact on K-12 education, will receive $643,029 in research support from a new Peterson Foundation fund.
The President released his annual budget today, outlining the Administration's policy proposals, budgetary projections, and economic forecasts for 2015 through 2024.
https://www.pgpf.org/analysis/analysis-of-the-presidents-fiscal-year-2015-budget
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
Mobilize.org and the Peter G. Peterson Foundation today announced the results of their National Youth Summit, which brought one hundred fifty young people from around the country to Chicago, Illinois last week to discuss challenges facing young people, particularly given the economic downturn, and to give them the opportunity to present innovative solutions to the unique issues facing their generation.
https://www.pgpf.org/press-release/pgpf-announces-youth-summit-winners
The United States healthcare system is the most expensive in the world, and our healthcare costs are projected to keep rising. Despite these high costs, our health outcomes are generally no better than those of our peers, and in some cases are worse.
Each year, through the budget process, the President and Congress have the opportunity to set priorities for the federal government, determining how much should be spent through appropriations for annually-funded programs, known as discretionary spending, and providing the opportunity to review entitlement programs and the tax code.
https://www.pgpf.org/budget-basics/federal-budget-process-a-primer
“With rising interest rates, skyrocketing inflation, geopolitical turmoil and concerns about economic growth, it’s no wonder that Americans’ confidence in our fiscal outlook is low,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/06/fci-press-release