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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.
Every year the Social Security and Medicare Boards of Trustees issue reports on the fiscal health of these vital programs.
The report anticipates that in 2020 — for the first time since 1982 — the program’s total costs will exceed its total income.
Medicare faces significant financial challenges in future years because of rising healthcare spending and an aging population.
The Peter G. Peterson Foundation held its first Fiscal Summit in 2010 to start a national bipartisan dialogue on critical fiscal issues with thought leaders and prominent stakeholders from across the political spectrum.
The Peter G. Peterson Foundation’s 2011 Fiscal Summit featured results from the Foundation’s Solutions Initiative and sparked ongoing conversations between thought leaders and policymakers about bipartisan solutions to our nation’s long-term fiscal challenge.
The Peter G. Peterson Foundation’s 2012 Fiscal Summit brought together leaders from government, policy, academia, and the media to address our long-term fiscal challenges, explore the potential for progress and reinforce the importance of building bipartisan consensus on solutions.
The Peter G. Peterson Foundation’s fifth annual Fiscal Summit convened thought leaders and policymakers to explore the connection between fiscal health and economic strength and what we can to to promote both.
The Peter G. Peterson Foundation’s 2013 Fiscal Summit brought together thought leaders to discuss global economic competitiveness, the potential for innovation in science and technology and domestic issues such as demongraphics, immigration, education, and national security.