David Walker on News Reports Stating White House and Congress Reach Deal on Fiscal Commission
David Walker on News Reports Stating White House and Congress Reach Deal on Fiscal Commission
“The announcement of an agreement to create a presidentially-appointed fiscal commission that will report to the Congress and be assured a vote on its recommendations is a major step toward putting our nation’s financial house in order while protecting our social safety net programs.”
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PGPF is dedicated to increasing public awareness of the nature and urgency of key economic challenges threatening America’s future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. For more information, see www.PGPF.org.
Further Reading
What Is the Premium Tax Credit?
The premium tax credit reduces the cost of health insurance for millions of Americans. It is also one of the largest federal tax expenditures.
National Debt Projected to Hit 175% GDP; Interest Totals $99 Trillion
Compared with the previous 30-year projections, spending will be higher, revenues lower, interest rates and interest payments elevated, and the national debt significantly larger.
Federal Healthcare Costs on Track to Reach $3.1 Trillion by 2036
Federal healthcare programs are among the fastest-growing drivers of federal spending, and their continued growth will put significant upward pressure on the national debt.