
A Report on Fiscal Stimulus
While the recession has technically ended, our economy is still suffering and far from completely recovered.
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While the recession has technically ended, our economy is still suffering and far from completely recovered.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
Under the GAO’s most realistic fiscal scenario, debt held by the public will exceed 109 percent of GDP by 2020.
While proposals to raise the retirement age are intended to improve the financial health of the Social Security program, GAO finds that such changes could produce an opposite result, while also having an adverse impact on some of society’s most vulnerable members.
According to the Joint Committee on Taxation, the provisions in this agreement will add $374.2 billion to the deficit in 2011, and $857.8 billion to the deficit by 2020.
https://www.pgpf.org/analysis/2010/12/compromise-tax-framework-agreement