
CBO Warns: Fiscal Outlook Remains Unsustainable
Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
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Under current law, federal debt is now projected to reach 150 percent of GDP within 30 years — by far an all-time high.
“America faces a new and uncertain landscape,” President and CEO Michael Peterson said — noting the challenges and opportunities related to our nation’s fiscal and economic out-look.
Our fiscal imbalance crowds out priorities, threatens our economic health, increases the likelihood of a fiscal crisis in the future, and will inhibit our ability to deal with such a crisis if it comes.
Foundation President and Chief Executive Officer Michael Peterson delivered opening remarks for the Fiscal Summit, setting the tone for the day’s program.
This panel featured perspectives from Representative Tom Reed (R-NY) and Representative Derek Kilmer (D-WA) from the Problem Solvers Caucus — a unique, bipartisan group in the U.S. House of Representatives that seeks areas of common ground.
Foundation Chairman and CEO Michael Peterson opened the Summit by reflecting on the passing of his father, who established the Foundation in 2008 to help build a sustainable fiscal foundation for the nation to support economic growth and widely shared opportunity.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2018-fiscal-summit/remembering-pete-peterson
Foundation Chairman and CEO Michael Peterson recognized the winners of the annual Up To Us competition, which aims to engage young people in building a strong fiscal and economic future.
Drawing connections between America’s fiscal outlook, energy security, and role in the world, Foundation Chairman and CEO Michael Peterson led a wide-ranging conversation with former U.S. Secretary of Energy Ernest Moniz.
Last year, the U.S. deficit of $1.4 trillion or 9.9 percent of gross domestic product, was the largest since the end of World War II.
https://www.pgpf.org/analysis/2009/04/the-us-faces-looming-fiscal-crisis
The PGPF summary closely examines the key areas of the latest federal financial statement, including: the economy, the budget, the debt, challenges ahead, and the economic recovery.
https://www.pgpf.org/analysis/summary-of-the-2009-financial-report-of-the-us