A new report from the George W. Bush Institute highlights the economic competitiveness and strength of North America — but warns that fiscal policy in the United States poses a challenge to growth.
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.
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.
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.
Last night’s debate third and final presidential debate included a dedicated segment on the national debt, giving both candidates a chance to talk about their vision for addressing America’s long-term fiscal challenges.
The words debt and deficit come up frequently in debates and conversations about the policy decisions that lawmakers face. The two concepts are similar, but are often confused.
Here are some important questions that the moderator could ask at the final debate to start the conversation about our nation’s most pressing fiscal concerns.
