Statement from the Peterson Foundation on 2013 Congressional Budget Office’s Long-Term Budget Outlook
Statement from the Peterson Foundation on 2013 Congressional Budget Office’s Long-Term Budget Outlook
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the Congressional Budget Office’s Long-Term Fiscal Outlook for 2013:
“Our nation’s long-term debt remains as troubling as ever. Today’s report confirms that we have not addressed the fundamental drivers of our long-term structural deficits, and that we are still on a path to burden the next generation with an insurmountable level of debt. Congress and the President should use the upcoming fiscal debates to recommit themselves to building a framework that addresses this critical issue for our economy and the nation’s future.”
For a summary of the 2013 Congressional Budget Office’s Long-Term Budget Outlook, click here.
Further Reading
How Much Does the Government Spend on International Affairs?
Federal spending for international affairs, which supports American diplomacy and development aid, is a small portion of the U.S. budget.
What Is Inflation and Why Does It Matter?
Here’s an overview of inflation, why it matters, and how it’s managed.
5 Key Facts About Rising Healthcare Spending in the United States
Healthcare spending in the United States is a key driver of the nation’s fiscal imbalance and has risen notably over the past few decades.