Rebuilding Trust Is Key for Policymakers to Rise above Partisan Differences
"When it comes time to start looking under the sofa cushions for savings, Congress should treat direct spending and tax expenditures equally," writes Betsey Stevenson.
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"When it comes time to start looking under the sofa cushions for savings, Congress should treat direct spending and tax expenditures equally," writes Betsey Stevenson.
“With high inflation, risk of recession, rising interest rates and the debt soaring over $31 trillion, there are many urgent fiscal and economic priorities for the 118th Congress to address next year,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2022/11/fci-press-release
The first important determinant of a country’s fiscal health is its financing costs.
Well-designed fiscal policy should help the hardest-hit and most vulnerable families.
Debt will continue to accumulate unless reforms are undertaken.
Two of America’s top economists said Monday that while the U.S. faces a complex mix of fiscal and economic challenges, they don’t see an immediate threat of recession.
Unemployment insurance (UI) is a joint state-federal program that was established in 1935 to provide temporary financial assistance to workers who become unemployed by no fault of their own.
https://www.pgpf.org/budget-basics/budget-basics-unemployment-insurance-explained
The U.S. spends twice as much on prescription drugs as other comparatively wealthy nations, on average.
Inflation and interest rates will have important impacts on the long-term federal budget outlook.
The more important question for fiscal policy is what happens when monetary policy normalizes.