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Policymakers should work together to stabilize and strengthen this important program for generations to come.
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.
National debt could climb from 74% of GDP in 2014 to 166% of GDP in 2039.
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
Lawmakers should use the opportunities presented by the annual budgetary process to set policy priorities and provide more certainty about our nation’s fiscal policy.
Budget battles policymakers have engaged in have failed to produce reforms to address the true drivers of long-term national debt.
Policymakers should build on the bipartisanship of this Act to work towards passing fiscal reforms that will put our nation on a sustainable fiscal path.
There will be a number of consequences from a gradual increase in the federal funds rate over time.
The legislation is fiscally irresponsible and will add significantly to America's national debt.