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
Should We Eliminate the Social Security Tax Cap?
There have been a number of proposals to increase, eliminate, or otherwise adjust the payroll tax cap as a way to shore up Social Security’s finances.
The Fed Reduced the Short-Term Rate Again, but Interest Costs Remain High
High interest rates on U.S. Treasury securities increase the federal government’s borrowing costs.
No Taxes on Tips Will Drive Deficits Higher
Here’s how this new, temporary deduction will affect federal revenues, budget deficits, and tax equity.