Statement from Foundation President & COO Michael A. Peterson on This Week’s Release of House and Senate Budget Proposals
The release of the Murray and Ryan budget proposals this week is a potential turning point in the debate about America’s fiscal and economic future.
“Our elected leaders should use this moment in time to begin a more serious discussion about a budget agreement. Despite the recent series of brinksmanship and fiscal deadlines, both sides continue to have the opportunity to agree on a comprehensive plan that achieves the goal of any sustainable fiscal policy by stabilizing the debt and putting it on a downward path for the long term.
“Any politically successful and sustainable plan will have to incorporate ideas from both parties. Our leaders should take this opportunity to strengthen our economy by bringing clarity and certainty to America’s long-term fiscal outlook.”
Further Reading
9 Facts About Social Security and the Need to Strengthen It
Social Security is an essential program for millions of Americans, but it’s at risk if lawmakers fail to take action to reform the program.
What Is SNAP? An Overview of the Largest Federal Anti-Hunger Program
SNAP has a positive effect on poverty and food insecurity, with a relatively small effect on the federal budget.
Quarterly Treasury Refunding Statement: Borrowing Could Rise Soon
The U.S. Treasury has signaled its intention to add $1.4 trillion in new debt between July and December.