Fiscal Issues Illustrated
Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
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Lawmakers are considering significant reforms in a number of key policy areas, including healthcare reform, tax reform, infrastructure and more.
Many factors contribute to the long-term outlook for the U.S. economy and budget, but there are two major drivers of spending: demographics and rising healthcare costs.
https://www.pgpf.org/the-fiscal-and-economic-challenge/drivers
In January 2013, a series of tax increases and spending cuts are slated to go into effect automatically and all at once. Many are calling this major fiscal policy shift the "Fiscal Cliff." If all of the changes are allowed to proceed, future budget deficits would be substantially reduced. However, the nonpartisan Congressional Budget Office has forecast that the economy would be thrown into recession in 2013 — an outcome that threatens our still-fragile economic recovery.
Medicaid’s role in state budgets is unique, since the program acts as both an expenditure and the largest source of federal support in state budgets.
https://www.pgpf.org/budget-basics/budget-explainer-how-do-states-pay-for-medicaid
To solve our fiscal challenges in an enduring way, we need input and support from across the ideological spectrum.
The 114th Congress has a new opportunity to address our debt and long-term fiscal challenges, strengthen our economy, and put our nation's fiscal future on a sustainable path.
We asked experts with diverse views from across the political spectrum to share their perspectives and insights to help understand the landscape and identify solutions.
https://www.pgpf.org/expert-views/inflation-interest-and-the-national-debt
We asked respected policy experts from across the ideological spectrum to share their views on why a commission is needed, how it should be structured, and which policies could help stabilize the debt.
In 2008, the Peter G. Peterson Foundation was established with the goal of preserving the American Dream for the next generation. My father saw our high and rising debt as a transcendent threat to our future economy – posing a risk to every American, and our leadership role in the world.
As Washington faces closely divided government, the nonpartisan Peter G. Peterson Foundation is convening respected policy experts to help break the gridlock. This set of eight new essays highlights a range of ideas on how to make progress on key fiscal and economic goals. The authors include leaders from across the political spectrum, offering historical context and practical advice to help lawmakers rise above the politics to make bipartisan progress.
https://www.pgpf.org/expert-views/bipartisan-policymaking-under-divided-government