Policy Makers Should Act Now to Address the Long-Term Fiscal Imbalance
Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
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Failing to address the fiscal imbalance imposes burdens on future generations that many would consider unfair.
The projected shortfall of future Social Security revenues is the result of political action, not the absence of policy options for addressing this issue.
In the early days of a new administration and Congress, voters have increased expectations for elected leaders to take action on our national debt, and remain deeply concerned about our fiscal outlook.
https://www.pgpf.org/press-release/2017/02/fci-press-release
“NYC Small Biz: Open + Online,” a new initiative to help small businesses to participate in the growing digital economy, was launched today by the NYC Small Business Resource Network (SBRN), a unique public-private partnership among the New York City Economic Development Corporation, the Peter G. Peterson Foundation, the five borough Chambers of Commerce, NYC Department of Small Business Services and the Partnership for New York City.
As the nation approaches key deadlines relating to the debt ceiling and funding the government as well as debates on tax reform, American voters are calling for the national debt to be a top priority.
https://www.pgpf.org/press-release/2017/08/fci-press-release
CBO’s new report serves as a reminder that the lawmakers need to take into account our nation’s long-term fiscal challenges as they consider policy changes.
https://www.pgpf.org/blog/2017/01/top-three-takeaways-on-the-10-year-fiscal-outlook
The Fiscal Confidence Index, modeled after the Consumer Confidence Index, is 51 (100 is neutral), indicating the nation’s fiscal future is a top issue for voters.
https://www.pgpf.org/press-release/2016/03/fci-press-release
"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
The Fed is not in the business of monetizing our government’s debt but is skating close to the edge, which has upped the risk of a misstep.
Federal taxes and transfers can help reduce disparities in income.
https://www.pgpf.org/chart-archive/0233_taxes-reduce-disparities