Charts
Jul 9, 2021
Non-Defense Discretionary Breakdown
Non-defense discretionary spending funds a wide range of programs
https://www.pgpf.org/chart-archive/0318_nondefense_disc_categories
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Charts
Jul 9, 2021
Interest Is Driving Deficits
Beyond 2030, rising interest costs are the driving factor in projected growth in annual deficits.
https://www.pgpf.org/chart-archive/0280_net_interest_primary_deficit
Charts
Jul 9, 2021
Discretionary Spending as Share of GDP, 1970–2051
Discretionary spending is projected to stay below its historical share of GDP.
https://www.pgpf.org/chart-archive/0177_discretionary_low_levels
Charts
Jul 8, 2021
PGPF Chart Pack
The PGPF chart pack illustrates that budget-making involves many competing priorities, limited resources, and complex issues.
Blog Posts
Jul 7, 2021
What’s in the American Families Plan?
President Biden’s budget for fiscal year 2022 outlines new details of the American Families Plan (AFP), a $1.7 trillion package including major new investments in education, childcare, healthcare, and family leave.
https://www.pgpf.org/blog/2021/05/whats-in-the-american-families-plan
Blog Posts
Jul 6, 2021
Spending on Medicaid Spiked Due to the Coronavirus Pandemic
The coronavirus (COVID-19) pandemic has caused federal spending on Medicaid to rise sharply as millions of Americans seek benefits under the program.
https://www.pgpf.org/blog/2021/07/spending-on-medicaid-spiked-due-to-the-coronavirus-pandemic
Blog Posts
Jul 1, 2021
The National Debt Will Hit Its All-Time High by the End of the Decade, and Other Takeaways from the Latest CBO Report
While deficits will decline over the next few years as the pandemic wanes and the economy recovers, the nation will remain on an unsustainable fiscal trajectory due to a structural mismatch between spending and revenues.
Press Releases & Statements
Jul 1, 2021
Peterson Foundation Statement on New CBO 10-year Budget and Economic Outlook
“This new CBO report shows that our national debt will reach a record level over the next decade," said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Blog Posts
Jun 30, 2021
What’s in Biden's Infrastructure Plan and How He Proposes Paying for It
President Biden’s recently released budget for fiscal year 2022 shows new details for his proposed American Jobs Plan — a nearly $2.6 trillion package aimed at addressing a range of issues, including transportation and other infrastructure, climate change, caregiving, and housing.
Blog Posts
Jun 29, 2021
New Poll: 9 in 10 Voters Say Lawmakers Should Pay for Infrastructure
As the Biden administration and a bipartisan group lawmakers discuss a range of infrastructure investments, vast majorities of voters — including Democrats and Republicans — are calling on leaders to pay for their priorities.