CBO: President’s Budget Fails to Put Nation on Fiscally Sustainable Path
CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
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CBO’s estimate of the cumulative deficit over the next 10 years totals $2.3 trillion more than the Administration had estimated.
The Peterson G. Peterson Foundation will release an analysis of President Obama's complete Fiscal 2010 Budget proposal, which is expected to be announced next week.
“As Washington navigates short-term budget battles, our long-term fiscal outlook keeps getting more and more dangerous," said Michael A. Peterson.
There will be a number of consequences from a gradual increase in the federal funds rate over time.
“Today’s budget proposal relies on optimistic projections for economic growth and unlikely budget cuts to illustrate deficit reduction,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, commented today following the release of the President's FY2015 Budget.
“Today’s CBO report confirms that major damage was done to our fiscal outlook in just the past few months," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
CBO finds that the budget would not reach balance in 2027 as the administration projects.
https://www.pgpf.org/analysis/2017/07/cbo-debt-remains-high-under-presidents-budget
The Fiscal Confidence Index is a national survey that measures public opinion about the national debt.
The Peter G. Peterson Foundation releases a statement on President Obama's FY2011 budget.
https://www.pgpf.org/press-release/2010/02/statement-by-pgpf-on-president-obamas-fy2011-budget