Budget Basics Archive

As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
During the final debates, it's up to us to pay attention to how our presidential candidates’ plans could impact America's future. While the budget and economy were already major topics, the upcoming debates will highlight national security and a range of other issues — both foreign and domestic — that also have implications for our long-term fiscal health.
Who Pays For Medicare?
The January 2013 fiscal cliff involves several components of tax cuts and spending provisions.
Most Medicaid dollars are spent on disabled and elderly beneficiaries, whose incomes and financial resources are low enough to qualify for the program.
Why Reform Our Corporate Tax Code?
Controlling our structural budget deficits will require major changes in budget policy.
The nation's long-term fiscal outlook is unsustainable. Publicly held debt currently equals 70 percent of gross domestic product, the most common measure of an economy's size.
Mar 1, 2012
Capitol Building Washington DC
PREVIOUS: A Brighter Economic Future For more information about America’s fiscal challenge and potential solutions, visit the Peter G. Peterson Foundation at www.pgpf.org. The following websites also provide a wealth of information on the U.S. budget and various policy areas. American Enterprise Institute
Social Security is an important program that is part of the fabric of America. We must ensure that Social Security is available for future generations.

National Debt Clock

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


This series of infographics helps put some of today's most pressing fiscal debates in context.