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By making gradual changes to federal spending and revenue, lawmakers can not only stabilize our fiscal outlook, but provide long-run economic benefits for American families (in terms of real GNP growth) without inflicting undue damage on the U.S. economy in the near term.
On our current path, CBO projects that deficits will reach $1.0 trillion by 2022 and total $10.1 trillion over the next ten years.
Topics will include fiscal policy decisions, ways to achieve long-term reform, market news, and other critical matters shaping the economic future of the country.
Post-Election: The Fiscal Cliff and Beyond - Alan Greenspan, Paul Volcker: Video
Video shown on-site during the Peter G. Peterson Foundation/Bloomberg LP 2012 "Fiscal Thursday" panel events.
Americans must task their newly elected officials with tackling the nation's debt — and hold them accountable for results.
Michael A. Peterson discusses Congressional Budget Office's Long Term Budget Outlook on Sirius XM's "The Morning Briefing with Tim Farley" on June 8, 2012.
The poverty rate in 2009 was 14.3 percent, up from 13.2 percent in 2008. This is the highest rate since 1994.
How does a solid fiscal foundation help support a growing, thriving economy?