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Tax expenditures cost the government about $1.5 trillion each year, more than the budget of any agency or major spending program, including Social Security, Medicare, and the Department of Defense.
A new report from Ernst & Young examines the U.S. government’s current financial situation.
https://www.pgpf.org/blog/2016/09/ernst-young-warns-of-unsustainable-financial-imbalance
Now that the hard-fought election is over, lawmakers face a series of pressing fiscal and budgetary issues in the New Year. America’s leaders have an opportunity to show leadership in early 2017 by addressing the nation’s long-term fiscal challenges.
https://www.pgpf.org/blog/2016/11/fiscal-advice-to-the-next-president
A newly updated report, prepared by Ernst & Young (EY) for the Peter G. Peterson Foundation, reexamines the federal government’s long-term fiscal outlook through the “fiscal gap” measure.