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Making changes to defense, health care and Social Security will help us reduce our debt, and also leave money to fund other critical responsibilities and invest in our future.
The rapid growth in health care costs is the largest and fastest growing fiscal challenge.
The defense share of the federal budget has averaged 21 percent over the past two decades.
Social Security is an important program that is part of the fabric of America. We must ensure that Social Security is available for future generations.
The Peterson-Pew Commission on Budget Reform's second report, Getting Back in the Black, offers a detailed set of options to reform the federal budget process.
The Co-Chairs of the President’s National Commission on Fiscal Responsibility and Reform, Erskine Bowles and Alan Simpson, released a draft of their recommendations for deficit reduction and debt stabilization.
Under the GAO’s most realistic fiscal scenario, debt held by the public will exceed 109 percent of GDP by 2020.
The Bipartisan Policy Center proposal is the first in a series of reports that will be released over the next several months that examines different ways to bring the budget back into balance and reduce the country’s mounting debt burden.
The Peter G. Peterson Foundation releases a statement on the report of the National Commission on Fiscal Responsibility and Reform.