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CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
CBO projects that, on our current path, the deficit will reach nearly $1 trillion next year and will total $12.4 trillion over the ten-year period from 2019–2028.
https://www.pgpf.org/analysis/2018/04/cbo-report-outlines-dramatically-worse-fiscal-outlook
We are deeply saddened by the loss of our Founder and Chairman, Peter G. Peterson, who worked tirelessly to secure the American Dream for future generations.
The President’s budget reflects a dramatically worse fiscal outlook than last year’s version released just nine months ago.
Reform that eliminates virtually all tax expenditures allows for rates to be lowered significantly.
Admiral Michael G. Mullen began by making a strong connection between our national security and fiscal health, saying that our debt is an issue that requires a “sense of urgency … and we really need fix it very, very quickly” as a fundamental part of ensuring our strength at home and abroad.
The students who participated in the fifth annual competition attest that when it comes to our steep fiscal challenges, the country’s emerging leaders have been galvanized into action.