Help Wanted: A Fiscal Policy for the Future
Fiscal policy that boosts productivity is the best offense against future inflation.
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Fiscal policy that boosts productivity is the best offense against future inflation.
High inflation breeds instability, raising the risk of both higher interest rates and recession.
“Voters have made it overwhelmingly clear that they want their leaders to pay for all new spending with credible offsets, and they strongly support many proposed options to fully fund the package,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2021/09/fci-press-release
Debt will continue to accumulate unless reforms are undertaken.
We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
Our high and rising debt is “a big burden placed on current citizens, based on our past budgetary irresponsibility,” said Michael Peterson, CEO of the Peter G. Peterson Foundation, in a recent appearance on C-SPAN’s Washington Journal.
Strengthened automatic fiscal stabilizers would enable fiscal stimulus to arrive in a more predictable and efficient manner.
“This month’s improvement in the index makes it clear that voters want leaders who will improve America’s fiscal and economic future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/08/fci-press-release
As Election Day approaches, the Peter G. Peterson Foundation is delivering a nonpartisan Election Fiscal Toolkit to all U.S. House and Senate candidates, encouraging a critically important conversation about how to solve America’s fiscal challenges.
“Americans’ confidence in our fiscal outlook is weighed down by deep concerns about the national debt, an uncertain economic outlook and a lack of fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/07/fci-press-release