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Yesterday, the Federal Reserve announced a decrease in the federal funds rate — the interest rate at which commercial banks lend to each other overnight.
https://www.pgpf.org/blog/2019/10/What-Does-the-Fed-Rate-Cut-Mean-for-the-Economy-and-National-Debt
Growth earlier in the year was spurred by appropriations enacted in early 2018 as well as by the Tax Cuts and Jobs Act (TCJA), though the stimulus effects of the latter are fading.
“Last year's deficit was nearly $1 trillion and it’s on track to continue to grow rapidly, so voters are rightfully concerned about what our fiscal outlook means for our future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/10/fci-press-release
It may be counterintuitive, but government shutdowns are expensive. They are also bad for the economy.
https://www.pgpf.org/blog/2019/10/four-reasons-why-a-government-shutdown-is-harmful
“If we stay on this path, we’ll leave our kids and grandkids with diminished resources, opportunity and quality of life," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
The United States currently faces a range of complex challenges including deteriorating infrastructure, a changing climate, and an inadequate system of education.
Income levels for Americans vary across geography, race, and gender.
https://www.pgpf.org/blog/2019/10/income-and-wealth-in-the-united-states-an-overview-of-data
Continuously updated billboards put a spotlight on $22 trillion national debt as part of 2020 campaign conversation.
As another fiscal year of budget uncertainty and rising deficits comes to an end , the vast majority of Americans want the president and Congress to address the national debt.
https://www.pgpf.org/press-release/2019/09/fci-press-release
Spending on children is shrinking as a percent of GDP.
https://www.pgpf.org/blog/2019/09/how-much-government-spending-goes-to-children
