Debt Is Expected to Grow Faster in the United States than Anywhere Else in the World
The United States leads the world in an unfortunate category: the pace of growth in its debt.
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The United States leads the world in an unfortunate category: the pace of growth in its debt.
“At $23 trillion and counting, the national debt is a major concern for the vast majority of Americans across party lines,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/11/fci-press-release
Modeled after the Consumer Confidence Index, the Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
Corporate and individual tax expenditures are large in comparison to annual taxes collected, as well as to the government’s major programs.
https://www.pgpf.org/chart-archive/0054_tax-expenditures-comparison
A continuing resolution is a temporary funding measure that Congress can use to fund the federal government for a limited amount of time.
https://www.pgpf.org/blog/2019/09/what-is-a-continuing-resolution
Lawmakers have enacted a total of 119 continuing resolutions over the past 23 fiscal years.
https://www.pgpf.org/chart-archive/0228_continuing_resolutions
The rising cost of prescription drugs is a key driver of overall healthcare spending in the U.S. This trend has significant implications not only for Americans who rely on medications, but also for our nation’s budget and fiscal outlook.
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.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the latest data for Fiscal Year 2019, charted out monthly and on a year-over-year basis.
The United States ranks 13th in quality of overall infrastructure according to the World Economic Forum.
https://www.pgpf.org/chart-archive/0215_infrastructure-ranking-by-country-world-economic-forum