Budget Basics: National Defense
The defense share of the federal budget has averaged 21 percent over the past two decades.
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The defense share of the federal budget has averaged 21 percent over the past two decades.
The United States, by far, spends the greatest amount on military (in nominal terms) than any other country.
https://www.pgpf.org/analysis/why-defense-matters-for-deficit-reduction
Chairman Paul Ryan's budget aims to shrink the size of government to about 20 percent of gross domestic product (GDP) in 2015 and to 15 percent of GDP in 2050.
The Peter G. Peterson Foundation, Clinton Global Initiative University and Net Impact Announce Nationwide Campus Fiscal Competition.
Civic leaders, top CEOs and leading budget experts met in Washington, D.C. today to discuss the national debt and America's unsustainable fiscal trajectory, and to announce the launch of The Campaign to Fix the Debt.
The nonpartisan Congressional Budget Office has released a mid-year update to its projections of the nation’s federal finances and economic health.
The Peter G. Peterson Foundation today launched a multi-platform online awareness campaign spotlighting the federal government's $56.4 trillion in financial obligations and unfunded promises.
https://www.pgpf.org/press-release/peterson-foundation-launches-tax-day-awareness-campaign
While countries continue to recover from the crisis, the international fiscal outlook has not substantially improved.
https://www.pgpf.org/analysis/fiscal-monitor-series-navigating-the-fiscal-challenges
U.S. Treasury Secretary Timothy Geithner congratulated participants in yesterday's Budgetball Tournament on the National Mall, a demonstration of fiscal fitness in the federal government's front yard.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.