
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.
Tax reform done right will promote economic growth, increase fairness and simplicity, and improve the nation’s fiscal outlook.
“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.
The budgetary and economic effects of proposed tax legislation are a critical element of the debate.
https://www.pgpf.org/analysis/2017/12/tax-modeling-tax-reform-why-its-important
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.
This panel convened voices from the private sector and academia to analyze the risk that high and rising debt poses to our economic future.
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
Washington Post Congressional Reporter Erica Werner led engaging conversations with policy leaders centered on the fiscal and economic effects of recent tax and spending legislation and what’s required for a fiscal reset that can put our nation on a more sustainable course.