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The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
The United States is in a more precarious fiscal position than it was at the onset of the last six recessions.
https://www.pgpf.org/chart-archive/0309_precarious_fiscal_position
The United States is on pace to lead the world in debt increase as a percentage of GDP.
https://www.pgpf.org/chart-archive/0310_us_lead_world_debt_increase
Growth in 2019 was lower than the 2.9 percent growth in 2018. Key factors contributing to this drop include a significant slowing in the growth of nonresidential investment and, to a slightly lesser degree, slower growth in the consumption of goods and services.
https://www.pgpf.org/blog/2020/01/economic-growth-was-weaker-in-2019-than-in-2018
As voting begins for the 2020 election season, the majority of Americans believe that addressing the national debt is a crucial issue that warrants action from policymakers.
https://www.pgpf.org/blog/2020/01/five-troubling-takeaways-from-the-latest-cbo-report
It’s important for lawmakers to consider the many available policy options for improving that outlook.
https://www.pgpf.org/blog/2021/01/83-ways-we-can-reduce-the-deficit-according-to-cbo
As one decade ends and another begins, there’s no question that our fiscal outlook is daunting. But as we mark this milestone, it’s also helpful to take a closer look at projections from 10 years ago to assess how decisions by lawmakers and other factors have contributed to our fiscal outlook.
https://www.pgpf.org/blog/2020/01/decade-in-review-looking-back-at-cbo-projections-then-and-now
Over the past decade, the United States has added trillions of dollars to its national debt. Much of that growth in debt occurred as a result of the Great Recession and the fiscal policy response to it.
https://www.pgpf.org/blog/2019/12/9-trillion-added-to-the-national-debt-over-the-last-decade
Here are eleven charts that tell America’s fiscal story for 2019 — and show how our outlook went from bad to worse over the last 12 months.
https://www.pgpf.org/blog/2019/12/11-charts-that-show-how-our-national-debt-grew-in-2019
The United States leads the world in an unfortunate category: the pace of growth in its debt.