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"Today’s CBO projections are the latest loud and clear warning about America’s unsustainable national debt," said Michael A. Peterson.
https://www.pgpf.org/press-release/2024/02/peterson-foundation-statement-on-new-cbo-report
The Peter G. Peterson Foundation Economic Forum brings together thought leaders shaping the future of our nation for in-depth conversations on America’s most pressing issues.
https://www.pgpf.org/what-we-are-doing/events/economic-forum
Medicare is a large share of the budget, and it is projected to grow.
https://www.pgpf.org/analysis/urgent-action-needed-to-shore-up-medicare-program
In January 2013, a series of tax increases and spending cuts are slated to go into effect automatically and all at once. Many are calling this major fiscal policy shift the "Fiscal Cliff." If all of the changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013 — an outcome that threatens our still-fragile economic recovery.
The percentage of income that Americans pay in taxes can vary widely and depend on many factors.
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2023/11/income-and-wealth-in-the-united-states-an-overview-of-recent-data
Amid the debate over national priorities, one thing is clear: fiscal sustainability is essential to addressing the needs and ambitions of our society and building a vibrant future for generations to come.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2019-fiscal-summit/summary-and-highlights
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.