Peterson Foundation Launches Student Debt Smarter to Empower the Next Generation
Student debt is one of the biggest challenges young people will face as they prepare to enter adulthood, and is often their first encounter with debt.
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Student debt is one of the biggest challenges young people will face as they prepare to enter adulthood, and is often their first encounter with debt.
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for August 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-august-2022
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2022
There are many critical differences between our two nations, but are there lessons to be learned by US policymakers from the UK predicament?
https://www.pgpf.org/blog/2022/10/does-uk-crisis-hold-fiscal-economic-lessons-for-us-policymakers
“Our national debt is so large, we’re already paying more than $1 billion every day on interest, and that’s growing fast,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/09/fci-press-release
High inflation breeds instability, raising the risk of both higher interest rates and recession.
The legislation is fiscally irresponsible and will add significantly to America's national debt.
https://www.pgpf.org/analysis/congress-passes-costly-and-unfunded-tax-legislation
The more important question for fiscal policy is what happens when monetary policy normalizes.
“On the heels of the first meaningful deficit reduction initiative in years in the Inflation Reduction Act, it’s highly irresponsible, unfortunate and unwise to wipe out those fiscal benefits with this announcement," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.