Analysis: CBO February 2014 Report
Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
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Though the economy continues its recovery and we have made some progress on deficits, our deficits will begin growing again soon, and major long-term fiscal challenges remain.
The Peter G. Peterson Foundation launches an original series of interactive data visualizations that are a new way to look at our national fiscal picture.
https://www.pgpf.org/press-release/press-advisory-a-new-way-to-look-at-our-national-debt
Making changes to defense, health care and Social Security will help us reduce our debt, and also leave money to fund other critical responsibilities and invest in our future.
https://www.pgpf.org/budget-basics/the-other-20-of-federal-spending
Recent news stories have highlighted the good news that very near-term deficits are decreasing. That good news, unfortunately, will be short-lived.
https://www.pgpf.org/blog/2014/02/good-news-about-improving-deficits-will-be-short-lived
If all of the proposals in the budget were adopted, government debt would still soar to unsustainable levels in the long run, even under the optimistic assumptions used in the administration’s long-run projections.
The State Budget Crisis Task Force examines fiscal conditions at the state level, particularly after the 2008 global financial crisis.
https://www.pgpf.org/what-we-are-doing/grants/state-budget-crisis-task-force-final-2014-report
For the third year in a row, Congress did not adopt a budget resolution.
The Peter G. Peterson Foundation releases a statement on the Fiscal Commission.
Policymakers should build on this foundation of bipartisanship to begin the significant further reforms that are necessary to put our nation on a sustainable fiscal path.
The Congressional Budget Office’s new long-term projections show that the federal budget is on an unsustainable path.
https://www.pgpf.org/analysis/cbo-2013-long-term-budget-outlook-analysis