Analysis: 2015 GAO Fiscal Outlook
National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
https://www.pgpf.org/analysis/gao-sends-clear-warning-long-term-debt-is-on-an-unsustainable-path
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National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
https://www.pgpf.org/analysis/gao-sends-clear-warning-long-term-debt-is-on-an-unsustainable-path
Although this spending bill, along with the Bipartisan Budget Act of 2013, ends the cycle of lurching from crisis to crisis, it does not address the long-term fiscal challenges facing our nation.
https://www.pgpf.org/analysis/top-five-takeaways-%E2%80%94-consolidated-appropriations-act-of-2014
Each proposal presents a distinct vision of the role of the federal government in our economy.
https://www.pgpf.org/analysis/fiscal-year-2013-budget-proposals
This fall, PGPF research staff will publish a series of one-page articles, providing objective analyses on major government programs and policies.
While the recession has technically ended, our economy is still suffering and far from completely recovered.
The outlook for the federal budget has worsened considerably since last year, according to a new report.
The end of the supercommittee doesn’t mean the end of the fiscal policy debate in Washington.
Policymakers should build on this foundation of bipartisanship to begin the significant further reforms that are necessary to put our nation on a sustainable fiscal path.
Over the next several weeks, as the President and Congress confront the "fiscal cliff," they will have a big opportunity to make the right choice.
This outlook is particularly worrisome because the baby boom generation is beginning to retire and will place growing demands on Social Security, Medicare, and Medicaid in the 2020s.