Budget Basics: 2013 Fall Fiscal Agenda
2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
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2013 Fall Fiscal Agenda: A Critical Time for Action; 4 upcoming milestones
The United States is on pace to lead the world in debt increase as a percentage of GDP.
https://www.pgpf.org/chart-archive/0310_us_lead_world_debt_increase
Foreign investors own one-third of all U.S. public debt.
https://www.pgpf.org/chart-archive/0311_us_domestic_foreign_debt
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/06/cbo-unsustainable-deficits-threaten-future-economic-growth
Debt rises and falls with wars and changes in the economy. Debt is currently at its highest level since 1946.
Debt levels have risen in many sectors of the economy.
Despite recent declines, U.S. household debt is still very high relative to disposable income.