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The 114th Congress has a new opportunity to address our debt and long-term fiscal challenges, strengthen our economy, and put our nation's fiscal future on a sustainable path.
CBO projects that federal debt will remain at historically high levels over the next decade under current laws and warns that such high levels of debt could harm the economy.
https://www.pgpf.org/analysis/cbo-warns-deficit-drop-is-temporary
Under the president’s budget, federal debt will remain historically high, roughly double its average over the past 50 years.
https://www.pgpf.org/analysis/presidents-budget-not-enough-to-solve-our-long-term-fiscal-challenges
Under CBO's own economic and technical assumptions, interest costs would climb sharply and mandatory spending would continue to grow.
https://www.pgpf.org/analysis/cbo-analysis-debt-remains-high-under-presidents-budget
What are the potential consequences of not raising the debt limit?
https://www.pgpf.org/analysis/2015/03/risking-the-recovery-debt-limit-uncertainty-returns
The president and Congress must reach a compromise that reconciles their disagreements before September 30, or else they will risk a partial government shutdown.
https://www.pgpf.org/analysis/comparing-the-congressional-and-presidential-budgets
The nonpartisan Congressional Budget Office projects that the federal debt could reach 175% of GDP by 2040.
https://www.pgpf.org/analysis/congressional-budget-offices-2015-long-term-budget-outlook
Policymakers should work together to stabilize and strengthen this important program for generations to come.
https://www.pgpf.org/analysis/trustees-warn-social-security-faces-major-imbalances
The Trustees urge lawmakers to enact legislation soon to put Medicare on a sustainable path.