Budget Basics: Medicare
Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
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Medicare is an essential health insurance program serving millions of Americans, and a major part of the federal budget and our fiscal outlook.
Establishing a framework for long-term fiscal sustainability will narrow the gap between federal revenues and spending, and, by doing so, improve prospects for economic growth.
The Congressional Budget Office (CBO) released updated budget and economic projections, which incorporate the effects of higher interest rates, annual appropriations, and other recent legislative and economic developments.
The recent volatility in interest rates show that breaching the debt ceiling could make federal borrowing much more expensive.
The nation’s high and rising levels of debt can affect economic growth and pose a number of risks.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2021.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2021
As fiscal discussions continue with deadlines imminent, The Peter G. Peterson Foundation’s September Fiscal Confidence Index registered continued negative public sentiment on the country’s fiscal challenges.
https://www.pgpf.org/press-release/2013/09/fci-press-release
The new numbers demonstrate the severe economic damage and significant fiscal implications of this unprecedented crisis.
Generally, states with larger populations have been receiving more federal dollars from COVID-19 relief programs as such states typically have more unemployed persons, small businesses, and healthcare providers to which that relief has been targeted.
https://www.pgpf.org/blog/2021/04/why-do-states-receive-different-amounts-of-federal-covid-aid
Up to Us is a nationwide campus competition that provides an opportunity for students to build a movement to raise awareness and engagement on America's long-term fiscal and economic challenges.
https://www.pgpf.org/pgpf-programs-and-projects/up-to-us-nationwide-campus-competition