Peterson Foundation Statement on U.S. Debt Reaching $20 Trillion
"Surpassing $20 trillion in debt is the latest indicator of our nation's dire fiscal condition," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
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"Surpassing $20 trillion in debt is the latest indicator of our nation's dire fiscal condition," said Michael A. Peterson, President and CEO of the Peter G. Peterson Foundation.
Pete Peterson Joins President Clinton and Others to Discuss Jobs, the Economy and America’s Long-Term Fiscal Challenges.
High income individuals receive a greater portion of their income from capital gains
https://www.pgpf.org/chart-archive/0316_capital_gains_income_group
Without reform, the Social Security Trust Funds will soon be depleted and unable to pay full benefits.
The federal government spent $90 billion on housing assistance in 2021, an increase of almost 70 percent from the preceding year.
Higher short- and long-term Treasury rates mean that the federal government's borrowing costs will also rise.
The earned income tax credit (EITC) is a measure administered through the tax code to address poverty.
https://www.pgpf.org/budget-basics/what-is-the-earned-income-tax-credit
Today, the Social Security and Medicare Trustees released their annual reports on the programs’ financing, showing that the future of these vital programs remain at risk.
https://www.pgpf.org/blog/2024/05/social-security-and-medicare-are-facing-serious-shortfalls
The Peter G. Peterson Foundation releases a statement on CBO outlook.
The U.S. spent $820 billion on national defense during fiscal year (FY) 2023 according to the Office of Management and Budget, which amounted to 13 percent of federal spending.
https://www.pgpf.org/budget-basics/budget-explainer-national-defense