Understanding Complex Budget Terms and Processes: What is Budget Reconciliation?
Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
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Reconciliation is a powerful process, whereby legislation drafted to meet those instructions has an easier path to passage.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
The successful candidate will bring an interest in federal fiscal policy as well as excellent writing and quantitative skills to the team. The job will mostly focus on creating and organizing content for distribution by the Foundation.
The answer to how to address the multitude of challenges and their disproportionate impact is to pay for it — set priorities and ensure there is revenue to meet those priorities — not through smoke and mirrors or budget gimmicks.
https://www.pgpf.org/expert-views/americas-fiscal-and-economic-outlook/debt-matters
Financing the debt will become more burdensome now that interest rates have returned to their pre-pandemic levels.
“This is an example of how our leaders can pay for their priorities, whatever they may be, while helping to improve America’s fiscal and economic future at the same time," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Debt will continue to accumulate unless reforms are undertaken.
“Today’s CBO report may not be a surprise, but it should be alarming for all of us," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
Social Security is an important program that is part of the fabric of America. We must ensure that Social Security is available for future generations.
https://www.pgpf.org/budget-basics/making-social-security-sustainable