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The Peter G. Peterson Foundation’s June Fiscal Confidence Index shows that a significant majority of Americans remain concerned about the nation’s fiscal future.
The nonpartisan Congressional Budget Office projects that the federal debt could reach 175% of GDP by 2040.
The Congressional Budget Office released its 2015 Long-Term Fiscal Outlook, which projects that by 2040, federal debt will climb to over 100 percent of GDP under current law and could reach 175 percent of GDP under less optimistic assumptions.
Americans remain highly concerned about the nation’s long-term fiscal health a monthly measure of public attitudes about the nation’s long-term debt and the efforts elected leaders are making to address America’s fiscal challenges.
The Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
As the economic recovery takes hold, Americans across party lines believe that the country’s renewed economic stability creates an opportunity for the government to address the country’s fiscal challenges.
The results of the Peterson Foundation’s Solutions Initiative III are in: researchers from five leading think tanks agree that there are many ways to stabilize the nation’s long-term debt.
The 2015 Fiscal Summit to convene lawmakers and leading experts to explore economic and fiscal opportunity in America as the recovery gains strength and the 2016 election begins to take shape.
The president and Congress must reach a compromise that reconciles their disagreements before September 30, or else they will risk a partial government shutdown.