The National Debt Is Now More than $22 Trillion. What Does That Mean?
With this unfortunate milestone, building a sustainable economic future becomes more challenging.
Read MoreAt the Peter G. Peterson Foundation, we believe that together we can secure a healthy, growing economy by addressing America's long-term fiscal challenges.
With this unfortunate milestone, building a sustainable economic future becomes more challenging.
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Although the budget would achieve some deficit reduction on paper under the administration’s calculations, it fails to address the key drivers of our long-term debt.
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High healthcare spending is not necessarily a bad thing, especially if it leads to better health outcomes. However, that is not the case in the U.S.
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Pete Peterson (1926–2018) established the Foundation to help solve the nation’s fiscal challenges and preserve the American Dream that he was so fortunate to have lived. We carry on his legacy with passion and pride.
Read MoreAmerica’s growing long-term debt affects economic growth and opportunities for future generations. It’s not a political or partisan issue — it’s simple math. With nearly 76 million baby boomers retiring and living much longer, combined with a highly inefficient healthcare system, and a tax code that fails to generate sufficient revenues, America finds itself with a very risky long-term fiscal outlook.
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We are a non-partisan organization dedicated to increasing awareness and accelerating action on America’s long-term fiscal challenges. We partner with like-minded organizations and experts to support innovative programs and projects that provide accurate, objective analysis, and promising fiscal solutions.
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The time to act is now. Education is key — it’s critical that Americans understand what’s at stake and the tradeoffs that are needed to get our country back on a sustainable fiscal path to a growing economy. We also have to make a commitment to support our elected leaders from both parties who want to do the right thing.
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SOURCE: Marketplace
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