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“By any measure, the state of the Union’s fiscal outlook is unsustainable, and getting worse,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
“No review of the state of our union is complete without acknowledging our nation’s high and rising debt," Michael A. Peterson, CEO of the Peter G. Peterson Foundation, said.
The 116th Congress also marks a return to divided government with the Senate controlled by Republicans and the House by Democrats. This new landscape in Washington means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
The dust has barely settled on the midterm elections, but there are a number of key fiscal issues not only facing the current Congress in coming weeks, but also awaiting the new Congress, which will convene in early 2019.
As a new president and Congress get to work on their policy priorities for 2017, there is one issue that affects all others: the nation’s unsustainable long-term fiscal outlook.
https://www.pgpf.org/blog/2017/01/top-three-takeaways-on-the-10-year-fiscal-outlook
“As a new president and Congress take office, one thing hasn’t changed: our nation’s fiscal outlook remains unsustainable," Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation, said in response to the Congressional Budget Office's Budget and Economic Outlook update.
https://www.pgpf.org/press-release/2017/01/statement-on-the-cbos-budget-and-economic-outlook
Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year. America’s leaders have an opportunity to show leadership in early 2017 by addressing the nation’s long-term fiscal challenges.
https://www.pgpf.org/blog/2016/11/fiscal-advice-to-the-next-president
CBO projects that federal debt will climb to 141 percent of GDP within 30 years — exceeding the highest level of debt ever recorded at the end of World War II by a large margin.
Over the next several weeks, as the President and Congress confront the "fiscal cliff," they will have a big opportunity to make the right choice.
“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbo-2017-long-term-budget-outlook