Deficits are Back on the Rise
CBO projects that the federal budget deficit will increase as a share of GDP for the first year since 2009.
https://www.pgpf.org/analysis/2016/08/CBO-deficits-are-back-on-the-rise
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CBO projects that the federal budget deficit will increase as a share of GDP for the first year since 2009.
https://www.pgpf.org/analysis/2016/08/CBO-deficits-are-back-on-the-rise
An analysis by the Peter G. Peterson Foundation that looks at all spending — and not just non-exempt spending — has found that the scale of reductions next year resulting from the sequestration will be more heavily weighted towards defense cuts.
https://www.pgpf.org/analysis/the-office-of-management-and-budgets-sequestration-reportan-analysis
An aging population and rising healthcare costs will drive sharp increases in Medicare spending, which will not keep pace with the program's funding sources.
https://www.pgpf.org/analysis/2017/07/medicare-trustees-warn-of-serious-financial-shortfalls
All three budget plans achieve deficit reduction within the 10-year window relative to current law, though they make different choices on revenues and spending levels for particular programs and achieve different results.
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
https://www.pgpf.org/analysis/the-debate-over-tax-expenditures
Relative to the GAO’s last update of their long-term simulation, the nation’s fiscal condition has deteriorated.
The leaders we elect will be tasked with taming our growing national debt — making this one of the most critical elections in recent memory.
https://www.pgpf.org/analysis/will-the-presidential-candidates-debate-the-debt