Lifting the Debt Ceiling Has Been Paired with Budget Reform in the Past
Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.
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Earlier this year, the United States once again hit its debt ceiling, which is currently capped at $31.4 trillion.
As the Biden administration and a bipartisan group lawmakers discuss a range of infrastructure investments, vast majorities of voters — including Democrats and Republicans — are calling on leaders to pay for their priorities.
While investing in a college education has undeniable, lifelong economic benefits, excessive levels of student debt can impose financial burdens on borrowers.
https://www.pgpf.org/blog/2021/05/10-key-facts-about-student-debt-in-the-united-states
It's going to take at least a decade for the labor market to recover from the coronavirus pandemic, according to the latest data from the CBO.
Many policymakers have called for the full retirement age to be gradually raised and ultimately pegged to average life expectancy.
https://www.pgpf.org/blog/2022/11/social-security-reform-should-we-raise-the-retirement-age
Tax breaks totaled over $1.8 trillion in 2023. To put that in perspective, that’s more than the government spends on Social Security, defense, or Medicare and Medicaid.
https://www.pgpf.org/blog/2023/12/eight-of-the-largest-tax-breaks-explained
Congress has a proven track record of extending tax provisions without paying for them.
https://www.pgpf.org/blog/2017/12/tax-extenders-the-potential-hidden-costs-in-tax-reform
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
Independent analyses agree unanimously that either bill would add significantly to the growing national debt.
https://www.pgpf.org/blog/2017/12/poll-voters-say-that-tax-reform-shouldn%E2%80%99t-grow-the-debt
Lawmakers have unveiled a tax overhaul framework, outlining a number of changes to individual and corporate taxes.
https://www.pgpf.org/blog/2017/09/five-charts-to-help-you-better-understand-corporate-tax-reform