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“Today’s proposal marks the beginning of the budget process, and it’s clear that there’s more work to do,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/03/peterson-foundation-statement-on-presidents-budget
Increasing the debt limit allows the Treasury to borrow funds to pay for government obligations that have already been incurred as the result of laws and budgets approved by the President and Congress.
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.
https://www.pgpf.org/analysis/2019/02/debt-ceiling-update-whats-at-stake
“The vast majority of Americans across party lines, including younger voters, are calling on the President and Congress to take action on our national debt,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/02/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.
At $22 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.
Mandatory spending and interest costs will climb significantly, while discretionary spending will fall to well below historical averages.
Net interest costs on the national debt are projected to rise sharply.
