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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
“Another $400 billion in debt is the worst possible holiday gift for our children,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
https://www.pgpf.org/press-release/2019/12/peterson-foundation-statement-on-budget-deal
As a share of GDP, the U.S. corporate income tax revenue is the lowest among G7 countries.
The top 1 percent of taxpayers receive 28 percent of the benefit from individual income tax expenditures.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for October 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-october-2019
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for November 2019.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-november-2019
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.
“At $23 trillion and counting, the national debt is a major concern for the vast majority of Americans across party lines,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2019/11/fci-press-release