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By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but provide long-run economic benefits for American families (in terms of real GNP growth) without inflicting undue damage on the U.S. economy in the near term.
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.
https://www.pgpf.org/analysis/2017/06/cbo-unsustainable-deficits-threaten-future-economic-growth
The United States ranks only 13th in income mobility from one generation to the next.
https://www.pgpf.org/Chart-Archive/0219_generational_income_mobility
A new report from the George W. Bush Institute highlights the economic competitiveness and strength of North America — but warns that fiscal policy in the United States poses a challenge to growth.
https://www.pgpf.org/blog/2016/12/report-us-debt-a-drag-on-competitiveness
"Today’s CBO report confirms that the era of declining deficits is over," according to Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
CBO projects that federal debt will climb to 141 percent of GDP within 30 years — exceeding the highest level of debt ever recorded at the end of World War II by a large margin.
Social Security benefits constitute a major share of the retirement income for low-income seniors.
https://www.pgpf.org/chart-archive/0018_social-security-low-income
Projections of the long-term budget outlook have deteriorated significantly since last year, largely stemming from the “tax extenders” legislation enacted at the end of 2015.
https://www.pgpf.org/blog/2016/07/four-key-takeaways-from-the-long-term-budget-outlook
Many Americans born in the top and bottom income quintiles remain in those income groups as adults.
Bringing together POLITICO’s Caucus members for a deep-dive discussion about top economic and fiscal priorities facing the next President.
https://www.pgpf.org/blog/politico-caucus-economy-and-the-election-in-new-hampshire
