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Analysis



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.


https://www.pgpf.org/analysis/2017/03/as-policymakers-consider-changes-cbo-warns-fiscal-outlook-remains-unsustainable

Analysis



Budget Process Reform Principles

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.


https://www.pgpf.org/budget-process-reform-principles

Analysis



Sep 22, 2020

CBO’s Budget Outlook Shows Pandemic’s Acceleration of U.S. Fiscal Challenges

The latest budget outlook released by the Congressional Budget Office (CBO) is the first to fully capture the budgetary impact of the coronavirus (COVID-19) pandemic and the federal legislation enacted in response to it.


https://www.pgpf.org/analysis/2020/09/cbos-budget-outlook-shows-pandemics-acceleration-of-us-fiscal-challenges

Analysis



Feb 14, 2020

President's Budget Again Relies on Optimistic Economic Projections and Unlikely Spending Cuts

Following the pattern of previous years, this budget largely relies on very optimistic projections of economic growth and unlikely budget cuts to reduce the deficit.


https://www.pgpf.org/analysis/2020/02/presidents-budget-again-relies-on-optimistic-economic-projections-and-unlikely-spending-cuts

Analysis



Feb 6, 2020

CBO Report Highlights America’s Unsustainable — and Deteriorating — Fiscal Outlook

The latest report from the non-partisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.


https://www.pgpf.org/analysis/2020/02/cbo-report-highlights-americas-unsustainable-and-deteriorating-fiscal-outlook

Analysis



Nov 1, 2019

Top 10 Reasons Why the National Debt Matters

At $23 trillion and rising, the national debt threatens America’s economic future. Here are the top ten reasons why the national debt matters.


https://www.pgpf.org/top-10-reasons-why-the-national-debt-matters

Analysis



Sep 6, 2019

CBO: Recent Budget Deal Will Add $1.7 Trillion to the National Debt over the Next 10 Years

The budget projections released by the Congressional Budget Office (CBO) in August reaffirm the perilous path of deficits and debt expected over the next decade.


https://www.pgpf.org/analysis/2019/09/CBO-Recent-Budget-Deal-Will-Add-1.7-Trillion-Dollars-to-the-National-Debt-over-the-Next-10-Years

Analysis



Jun 28, 2019

CBO Warns: Historic Debt Levels Pose Substantial Risks

CBO projects that if current laws remain in place, federal debt will rise to 144 percent of gross domestic product (GDP) within 30 years – far exceeding its all-time high, and nearly doubling today’s level.


https://www.pgpf.org/analysis/2019/06/cbo-warns-historic-debt-levels-pose-substantial-risks

Analysis



Mar 27, 2019

President's Budget Relies on Optimistic Economic Projections and Unlikely Spending Cuts

Although the debt-to-GDP ratio would decline under the president’s budget, the budget misses an opportunity to address the structural causes of our debt, and relies instead on overly optimistic economic assumptions and reductions in spending that are unlikely to come to pass.


https://www.pgpf.org/analysis/2019/03/presidents-budget-relies-on-optimistic-economic-projections-and-unlikely-spending-cuts

Analysis



Feb 28, 2019

Debt Ceiling Update: What’s at Stake

If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences for both the federal government and the economy.


https://www.pgpf.org/analysis/2019/02/debt-ceiling-update-whats-at-stake