The U.S. Faces Looming Fiscal Crisis
Last year, the U.S. deficit of $1.4 trillion or 9.9 percent of gross domestic product, was the largest since the end of World War II.
https://www.pgpf.org/analysis/2009/04/the-us-faces-looming-fiscal-crisis
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Last year, the U.S. deficit of $1.4 trillion or 9.9 percent of gross domestic product, was the largest since the end of World War II.
https://www.pgpf.org/analysis/2009/04/the-us-faces-looming-fiscal-crisis
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
“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.
“Our economy is grappling with very high levels of inflation and probable interest rate hikes, all on the back of our runaway national debt which hit a staggering $30 trillion this month,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/02/fci-press-release
“Our high and rising debt makes us less prepared for the next pandemic, less secure against future adversaries, less resilient to the changing climate, and less able to build the strong," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Michael A. Peterson releases a statement on the President's budget.
"The national debt is a primary topic for tonight’s debate — and for good reason," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation. "For the first year since 2009, deficits as a share of GDP are on the rise again and our long-term outlook remains dangerously unsustainable."
https://www.pgpf.org/press-release/2016/10/statement-on-the-third-presidential-debate
Peter G. Peterson releases a statement on sequestration.
https://www.pgpf.org/press-release/statement-from-foundation-chairman-pete-peterson-on-sequestration
The greatest gift today’s leaders can give to future generations is the fiscal room to solve their own problems.
What will America look like at mid-century? US 2050 will examine and analyze the multiple demographic, socioeconomic, and fiscal trends that will shape the nation in the decades ahead.