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
Moody’s Downgrade of U.S. Credit Rating Highlights Risks of Rising National Debt
For the first time ever, all three major credit ratings agencies have downgraded U.S. credit below their top rating.
New Report: Rising National Debt Will Cause Significant Damage to the U.S. Economy
On all key financial metrics, from GDP and investment to jobs to wages, the growing national debt harms future economic prospects for American citizens.
The Federal Government Has Borrowed Trillions. Who Owns All that Debt?
Most federal debt is owed to domestic holders, but foreign ownership is much higher now than it was about 50 years ago.