Budget Basics: Spending Primer
The U.S. spent $187 billion on interest payments alone in 2009.
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The U.S. spent $187 billion on interest payments alone in 2009.
While proposals to raise the retirement age are intended to improve the financial health of the Social Security program, GAO finds that such changes could produce an opposite result, while also having an adverse impact on some of society’s most vulnerable members.
America faces a growing crisis. Our federal government has accumulated a $13.6 trillion debt over the last few decades, and this debt is expected to grow significantly in coming years.
The reports provide both the short-and long-term financial outlooks for the trust funds.
Medicare’s financial problems affect the entire budget, and are largely responsible for projected increases in federal deficits.
https://www.pgpf.org/analysis/the-financial-condition-of-medicare
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
The defense share of the federal budget has averaged 21 percent over the past two decades.
The Concord Coalition and The Peter G. Peterson Foundation today launched a national “Fiscal Solutions Tour” to foster informed public dialogue about possible answers to the nation’s daunting fiscal and economic challenges over the next decade and beyond.
The Peter G. Peterson Foundation issues a statement on President Obama's executive order creating a fiscal commission.
I.O.U.S.A.: Solutions, a follow-up special that is premiering on CNN this weekend, will focus on solutions to the fiscal crisis and it will feature new footage from the producers of I.O.U.S.A. and a panel discussion with experts from a variety of viewpoints, spanning across generations.
https://www.pgpf.org/press-release/iousa-solutions-premieres-on-cnn