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At a hearing on the U.S. Economic Outlook for the Joint Economic Committee on November 13, Federal Reserve Chairman Jerome H. Powell expressed concern about America’s fiscal outlook and how it may affect our economic future.
At $23 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
https://www.pgpf.org/top-10-reasons-why-the-national-debt-matters
The Center for Strategic & International Studies is a bipartisan, nonprofit organization dedicated to finding ways to sustain American prominence and prosperity as a force for good in the world. CSIS has become one of the world’s preeminent international policy institutions focused on defense and security; regional stability; and transnational challenges ranging from energy and climate to global development and economic integration.
The deficit is projected to reach $1 trillion this year, according to the Office of Management and Budget (OMB), which released its annual mid-session review on Friday.
CBO projects that if current laws remain in place, federal debt will rise to 144 percent of gross domestic product (GDP) within 30 years – far exceeding its all-time high, and nearly doubling today’s level.
https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks
Peterson Foundation’s ‘Solutions Initiative’ Produces Policy Options to Build Stronger Fiscal Future for America.
https://www.pgpf.org/press-release/2019/06/2019-solutions-initiative-2019-press-release
Oakland University’s innovative ‘Fiscally Fit’ campaign to engage students on the nation’s $22 trillion-and-growing debt stood out among more than 100 campus teams nationwide
Growth over the next few years is expected to slow as the recent fiscal stimulus wanes.
https://www.pgpf.org/blog/2019/04/economic-growth-remains-strong-but-it-probably-wont-last
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
By 2050, the US will be very different than it is today. Adults aged 65 and over will outnumber children under the age of 18, and our population will be much more racially and ethnically diverse, the young much more so than the old. With those changing demographics as a backdrop, the US 2050 project examines the socioeconomic developments and fiscal choices we make today that will determine standards of living decades from now.
