A New Way To Look At Our National Debt
Today, we’re launching an original series of interactive data visualizations that are a new way to look at our national fiscal picture. We’re proud to release the first in the series, “Long-Term Debt: An Unsustainable Future,” which shows that while we’ve made some short-term, modest improvements, we still haven’t addressed the major drivers of our long-term debt.
Click here to watch and interact with “Long-Term Debt: An Unsustainable Future.” Let us know what you think, and stay tuned for future editions, examining additional topics, coming soon.
About the Peter G. Peterson Foundation
The Peter G. Peterson Foundation is a nonprofit, nonpartisan organization established by Pete Peterson – businessman, philanthropist, and former U.S. Secretary of Commerce. The Foundation is dedicated to increasing public awareness of the nature and urgency of key long-term fiscal challenges threatening America’s future and to accelerating action on them. To address these challenges successfully, we work to bring Americans together to find and implement sensible, long-term solutions that transcend age, party lines and ideological divides in order to achieve real results. To learn more, please visit 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.