
Nearly Half of Those in Poverty are in Deep Poverty
About 10 percent of the population lives in poverty, and nearly half of those in poverty live in deep poverty.
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About 10 percent of the population lives in poverty, and nearly half of those in poverty live in deep poverty.
Spending for the major healthcare programs will continue to climb rapidly over the long term.
https://www.pgpf.org/chart-archive/0281_major_health_spending_to_climb_rapidly
Social Security and major health programs account for over three-quarters of mandatory spending.
Discretionary spending is projected to remain below its historical average.
https://www.pgpf.org/chart-archive/0185_discretionary_spending
Net interest costs on the national debt are projected to rise sharply.
The national debt has risen dramatically over the past several months.
https://www.pgpf.org/chart-archive/0322_debt_projection_next_year
“America’s high and rising national debt threatens our economy, and must be included in the policy conversation this year," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2017/03/statement-on-cbo-2017-long-term-budget-outlook
Federal deficits will exceed $1 trillion each year over the next decade
“In the short term, nothing is more important to our economy and our health than defeating this virus, but Americans understand that we will need to return our attention to the nation’s fiscal health once the crisis has passed,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/08/fci-press-release
“As lawmakers rightly continue to pursue policies that help our nation respond to the immediate health and economic crisis, voters are also showing increased concern about our deteriorating fiscal outlook,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/07/fci-press-release