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Projections of Federal Healthcare Spending as a Share of the Economy
Projections of federal healthcare spending have improved but are still climbing as a share of the economy.
https://www.pgpf.org/chart-archive/0200_healthcare_share_econ_proj
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Projections of federal healthcare spending have improved but are still climbing as a share of the economy.
https://www.pgpf.org/chart-archive/0200_healthcare_share_econ_proj
This outlook is particularly worrisome because the baby boom generation is beginning to retire and will place growing demands on Social Security, Medicare, and Medicaid in the 2020s.
For the third year in a row, Congress did not adopt a budget resolution.
Tax expenditures are often "spending in disguise" because they are used by Congress to direct resources to specific constituencies and priorities — much like spending programs.
https://www.pgpf.org/analysis/the-debate-over-tax-expenditures
Putting our economy on a path to recovery continue to be the most pressing priorities for our nation. At the same time, our fiscal outlook has worsened considerably.
Understanding what’s happening on Capitol Hill requires an understanding of the Congressional budget process — which is notoriously technical, complex and arcane.
As policymakers consider how best to address our looming fiscal challenges, there is a growing debate about whether the U.S. can reduce defense spending without jeopardizing its national security.
Under current policies, publicly held debt is projected to increase from 73 percent of gross domestic product in 2012 to 83 percent in 2023.
A new poll released today and commissioned by the Peter G. Peterson Foundation finds that American voters are deeply concerned that upcoming fights over the debt ceiling and a possible government shutdown will harm the economy.
Social Security is the largest single program in the federal budget and makes up approximately one quarter of total federal spending.
https://www.pgpf.org/budget-basics/how-does-social-security-work