FISCAL BLOG

Monthly Archive for November 2016

Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program, including Social Security, Medicare, and the Department of Defense.

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A new report from Ernst & Young examines the U.S. government’s current financial situation.

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Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year. America’s leaders have an opportunity to show leadership in early 2017 by addressing the nation’s long-term fiscal challenges.

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A newly updated report, prepared by Ernst & Young (EY) for the Peter G. Peterson Foundation, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.

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What Does the Debt Mean for Our Future?

We all have a responsibility to build a brighter fiscal and economic future for the next generation.

National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.