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The Peterson Foundation’s debt clock initiative is part of its ongoing commitment to inspire and empower Americans through increased awareness that drives a thoughtful national dialogue around sustainable fiscal and economic policies.
America faces many critical questions about its future. As we continue to confront a global pandemic with devastating impacts on our health, economy and society, an effective federal response is necessary to help address critical needs and get our economy back on track.
A strong fiscal outlook is an essential foundation for a growing, thriving economy. Putting our nation on a sustainable fiscal path creates a positive environment for growth, opportunity and prosperity.
By making smart, strategic decisions about future national security requirements policymakers can ensure that our military is strong and that we are prepared to defend our nation from threats while also avoiding potential waste of precious national resources
Policymakers use the federal budget process to establish spending priorities and identify revenue to pay for those activities.
Federal Spending in the federal budget can be divided into three categories: mandatory, discretionary, and interest. Learn how these categories have changed over time.