Expert Views: Fiscal Commission
We asked respected policy experts from across the ideological spectrum to share their views on why a commission is needed, how it should be structured, and which policies could help stabilize the debt.
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We asked respected policy experts from across the ideological spectrum to share their views on why a commission is needed, how it should be structured, and which policies could help stabilize the debt.
“As the national debt races toward $34 trillion, policymakers remain mired in short-term budget battles that do nothing to improve our fiscal outlook,” said Michael A. Peterson.
https://www.pgpf.org/press-release/2023/11/fci-press-release
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
The U.S. spent more on interest on the national debt than it has on other national priorities over the past decade.
https://www.pgpf.org/chart-archive/0308_interest_spending_priorities
“Across party lines, vast majorities of voters believe that divided government brings an important responsibility for our leaders to work together to secure our fiscal future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/01/fci-press-release
Unemployment insurance (UI) is a joint state-federal program that was established in 1935 to provide temporary financial assistance to workers who become unemployed by no fault of their own.
https://www.pgpf.org/budget-basics/budget-basics-unemployment-insurance-explained
“Americans’ confidence in our fiscal outlook is weighed down by deep concerns about the national debt, an uncertain economic outlook and a lack of fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/07/fci-press-release
This project quantifies the competing public finance consequences of shifting trends in population health. It discusses impacts for medical expenditures, labor supply, earnings, wealth, tax revenues and government expenditures.
“America’s top policy priority right now is defeating this virus and helping the millions of Americans who are suffering economically, but as we look ahead it’s clear that Americans are growing more concerned about how we will deal with our national debt once this crisis ends.” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/06/fci-press-release
“NYC Small Biz: Open + Online,” a new initiative to help small businesses to participate in the growing digital economy, was launched today by the NYC Small Business Resource Network (SBRN), a unique public-private partnership among the New York City Economic Development Corporation, the Peter G. Peterson Foundation, the five borough Chambers of Commerce, NYC Department of Small Business Services and the Partnership for New York City.