CBO’s Projections Indicate Our Fiscal Trajectory Remains Unsustainable
CBO’s report is the latest warning sign about the dire fiscal outlook.
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CBO’s report is the latest warning sign about the dire fiscal outlook.
The 2017 Fiscal Summit will convene leading voices and policymakers from across the political spectrum to discuss the legislative agenda, its connection to our growing national debt, and solutions to put us on a better path.
https://www.pgpf.org/what-we-are-doing/fiscal-summit/2017-fiscal-summit
Here are the top ten spending categories for the federal budget.
https://www.pgpf.org/budget-basics/top-10-largest-budget-functions
A fiscal commission would provide the space and structure for lawmakers to comprehensively review the entire budget and improve the fiscal path of the U.S.
https://www.pgpf.org/blog/2024/01/growing-momentum-for-a-fiscal-commission-in-congress
Five think tanks propose specific measures for resolving the fiscal cliff impasse and putting America on a sustainable long-term fiscal path.
https://www.pgpf.org/pgpf-programs-and-projects/solutions-initiative-ii
CBO warns “high and rising debt would have serious negative consequences for the budget and the nation” in its new report.
https://www.pgpf.org/blog/2017/06/five-key-takeaways-from-the-cbo-budget-and-economic-outlook
The long-term budget outlook has deteriorated significantly since last year, when CBO projected debt would reach 111% of GDP in 30 years under current law.
https://www.pgpf.org/analysis/2016/07/cbo-long-term-budget-outlook-worse-than-last-year
If taxes are not increased or spending is not cut, CBO projects that interest costs will climb and federal debt will grow to levels that will damage our economy.
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, released the following statement as the Congressional Budget Office released its Budget and Economic Outlook for 2014-2024.
They are burdened by record student debt. They are entering the workforce during a time of unprecedented economic uncertainty, in a nation with crumbling infrastructure, a climate in crisis, and rising inequality.