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The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
“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.
“As the 2020 election begins, Americans are looking for leadership and solutions to our growing debt problem,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/01/fci-press-release
As voting begins for the 2020 election season, the majority of Americans believe that addressing the national debt is a crucial issue that warrants action from policymakers.
https://www.pgpf.org/blog/2020/01/five-troubling-takeaways-from-the-latest-cbo-report
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for December 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-december-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for January 2020.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-january-2020
As one decade ends and another begins, there’s no question that our fiscal outlook is daunting. But as we mark this milestone, it’s also helpful to take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.
https://www.pgpf.org/blog/2020/01/decade-in-review-looking-back-at-cbo-projections-then-and-now
“As another unfortunate year of fiscal irresponsibility comes to a close, voters are sending a clear message to Washington that they want fiscal leadership,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/fci-press-release
Over the past decade, the United States has added trillions of dollars to its national debt. Much of that growth in debt occurred as a result of the Great Recession and the fiscal policy response to it.
https://www.pgpf.org/blog/2019/12/9-trillion-added-to-the-national-debt-over-the-last-decade
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal