Discretionary Spending as Share of GDP, 1970–2051
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
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Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for May 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-may-2022
With our economy in recovery, our debt rising unsustainably, and our nation still grappling with a devastating pandemic, America faces many critical questions for its future. Where do we go from here?
Michael Peterson released a statement today on the CBO's updated budget projections.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for April 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-april-2022
Peter G. Peterson delivers remarks at a celebration of Thomas Jefferson's 268th birthday.
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1800 to 1929.
https://www.pgpf.org/chart-archive/0023_federal-deficit-surplus
U.S. dependency on foreign lenders to finance the public debt has risen sharply.
https://www.pgpf.org/chart-archive/0057_foreign-holders-debt
Recessions and countercyclical policies generally increase deficits, but deficits tend to diminish during and after recoveries.
https://www.pgpf.org/chart-archive/0307_deficits_and_recessions
Budget battles policymakers have engaged in have failed to produce reforms to address the true drivers of long-term national debt.
https://www.pgpf.org/analysis/averting-a-shutdown-the-numbers-behind-the-last-minute-budget-bill