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PGPF Solutions Initiative plans from five think tanks show declining federal debt through 2037.
PGPF Solutions Initiative III plans from five think tanks show declining federal debt through 2039.
Solutions Initiative 2019: Projected Federal Debt
Federal debt would grow rapidly if current policies were continued.
The federal debt is on an unsustainable path
Deficits would be even higher under an alternative fiscal scenario.
The growing federal debt could reduce family incomes substantially.
Recessions and countercyclical policies generally increase deficits, but deficits tend to diminish during and after recoveries.
Prior to the Great Depression deficits were unusual in the U.S. Budget. Surpluses occurred in about two-thirds of the years between 1809 to 1929.