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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.
“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-cbos-2017-long-term-budget-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
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.
Today, the Congressional Budget Office released its Update to the Budget and Economic Outlook: 2015-2025, which projects that federal debt will rise to 77 percent of GDP in 2025, a historically high level of debt that threatens economic growth over the long term.
The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented this evening on the President’s annual State of the Union address.
Michael A. Peterson releases a statement about the Congressional Budget Office's long-term budget outlook.
Michael A. Peterson releases a statement on the Congressional Budget Office's budget and economic outlook.