Analysis: CBO August 2012 Update
The nonpartisan Congressional Budget Office has released a mid-year update to its projections of the nation’s federal finances and economic health.
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The nonpartisan Congressional Budget Office has released a mid-year update to its projections of the nation’s federal finances and economic health.
Under the current policy scenario, the federal government is projected to run permanent primary spending deficits.
https://www.pgpf.org/analysis/government-accountability-office-fall-2012-budget-outlook
“In the short term, nothing is more important to our economy and our health than defeating this virus, but Americans understand that we will need to return our attention to the nation’s fiscal health once the crisis has passed,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2020/08/fci-press-release
The latest report from the nonpartisan Congressional Budget Office (CBO) reiterates that the federal budget is on an unsustainable trajectory.
In an effort to foster greater discussion on the nation's long-term fiscal challenges during the 2012 election campaign season, the Peter G. Peterson Foundation, in partnership with Bloomberg LP, sponsored "Fiscal Thursday" at both the Republican and Democratic National Conventions.
https://www.pgpf.org/events/fiscal-thursdays-at-2012-national-conventions
The end of 2023 marks another year that the country has failed to improve its daunting fiscal outlook.
This fall, PGPF research staff will publish a series of one-page articles, providing objective analyses on major government programs and policies.
These projections provide fresh evidence that the nation’s fiscal policy is on an unsustainable course and changes in policy will be needed.
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 will not obviate lawmakers’ responsibility to make hard choices, but it will make those choices easier to understand and explain to voters," writes Mark Zandi
https://www.pgpf.org/expert-views/fiscal-commission/a-way-to-brighten-americas-dark-fiscal-outlook