Explainers
May 7, 2019
What Are Federal Trust Funds?
Federal trust funds bear little resemblance to their private-sector counterparts.
https://www.pgpf.org/budget-basics/budget-explainer-what-are-federal-trust-funds
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Analysis
Mar 27, 2019
President's Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts
Although the debt-to-GDP ratio would decline under the president’s budget, the budget misses an opportunity to address the structural causes of our debt, and relies instead on overly optimistic economic assumptions and reductions in spending that are unlikely to come to pass.
Analysis
Feb 28, 2019
Debt Ceiling Update: What’s at Stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.
https://www.pgpf.org/analysis/2019/02/debt-ceiling-update-whats-at-stake
Analysis
Feb 1, 2019
CBO Report Highlights Unsustainable Fiscal Outlook
The federal budget is on an unsustainable and damaging fiscal trajectory, according to a new report from the non-partisan Congressional Budget Office.
https://www.pgpf.org/analysis/2019/02/cbo-report-highlights-unsustainable-fiscal-outlook
Analysis
Dec 19, 2018
Higher Interest Rates and the National Debt
Higher short- and long-term Treasury rates mean that the federal government’s borrowing costs will also rise, thereby generating significant consequences for the budget and the national debt.
Analysis
Jul 6, 2018
CBO Warns: Historic Debt Levels Threaten Economy
Federal debt is already at its highest level as a percentage of GDP since 1950 and would exceed its all-time high by 2034 under current law.
https://www.pgpf.org/analysis/2018/07/cbo-warns-historic-debt-levels-threaten-economy
Explainers
Jun 26, 2018
What is PAYGO?
PAYGO is a budget enforcement mechanism intended to prevent passage of legislation that increases deficits.
Analysis
Jun 18, 2018
CBO: President’s Budget Fails to Put Nation on Fiscally Sustainable Path
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
Explainers
Jun 7, 2018
10 Largest Budget Functions
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
Analysis
Apr 13, 2018
CBO Report Outlines Dramatically Worse Fiscal Outlook
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