Drivers of spending growth
Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
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Spending for mandatory programs and net interest is projected to putpace all other non-interest spending.
https://www.pgpf.org/chart-archive/0174_SS_major_health_climb
“No review of the state of our union is complete without acknowledging our nation’s high and rising debt," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
A bipartisan group of highly distinguished and respected leaders in defense, economic and national security policy have united once again to emphasize the fundamental link between America’s long-term fiscal health and our national security.
https://www.pgpf.org/press-release/2016/05/cfns-press-release
While the last minute passage of a continuing resolution avoided a government shutdown, the relief may be only temporary.
https://www.pgpf.org/analysis/2016/10/happy-fiscal-new-year-2017
The outlook for the federal budget has worsened considerably since last year, according to a new report.
Peterson Foundation Chairman Pete Peterson spoke at the Committee for Economic Development’s Distinguished Performance Awards Dinner about the importance of long-term fiscal sustainability and its impact on the nation’s economy and future generations.
The Peter G. Peterson Foundation’s June Fiscal Confidence Index shows that a significant majority of Americans remain concerned about the nation’s fiscal future.
https://www.pgpf.org/press-release/2015/06/fci-press-release
The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.