With U.S. Interest Costs Skyrocketing, Voters Overwhelmingly Call for Fiscal Commission
Voters are deeply concerned about interest costs eating up more and more of the federal budget.
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Voters are deeply concerned about interest costs eating up more and more of the federal budget.
“Across party lines, overwhelming majorities of voters are deeply concerned about the $33 trillion and growing national debt, and they want their leaders to take action,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/10/fci-press-release
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for September 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-september-2023
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2023.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2023
"The deficit has essentially doubled in just one year. That’s very alarming, but the fact that the deficit grew so much during a time of economic growth is an even more serious warning sign for our nation’s future."
https://www.pgpf.org/press-release/2023/10/peterson-foundation-statement-as-deficit-soars
“Rather than engaging in partisan battles and fiscal brinksmanship, voters want their leaders to work together on real solutions to our national debt,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/09/fci-press-release
Voters are calling on their leaders to take concrete actions to put us on a better fiscal path.
A new poll shows that nine-in-ten Americans want policymakers to work together to avoid a shutdown and focus on implementing solutions to our growing national debt.
“Nobody wins in a government shutdown, especially our economy and the American people,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/08/fci-press-release
In around six years, the national debt will likely exceed its all-time high of 106 percent of gross domestic product (GDP), which occurred in 1946.