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Bookmark or Share- 83 Ways We Can Reduce the Deficit, According to CBO - The Peter G ...Reducing the budget for the Department of Defense by 5 percent relative to the amount planned for 2024 would save $317 billion through 2030. Lawmakers should use the options presented by CBO as a starting point for conversations about how to address the growing federal debt once the economy recovers from the pandemic.
- Key Drivers of the National Debt - The Peter G. Peterson FoundationUnderstanding the key drivers of the national debt — including our changing demographics, rising healthcare costs, interest payments on the debt, and an insufficient revenue base — is crucial to resolving our fiscal imbalance and improving our fiscal trajectory.
- Debt vs. Deficits: What's the Difference? - The Peter G. Peterson ...The U.S. government has run a deficit since 1970 in all but four years (1998–2001) and annual deficits are projected to increase from now to 2054. What Is the Federal Debt? The debt is the total amount of money the U.S. government owes.
- Comprehensive Plans to Address the National Debt - The Peter G ...Stabilize federal debt below 60 percent of GDP. Raise revenues to 21 percent of GDP by eliminating many deductions, exclusions, preferences, and credits. Reduce spending to 23 percent of GDP. Freeze domestic discretionary and defense spending. Moderate spending growth on healthcare.
- New Plans from Seven Leading Think Tanks Solve the National DebtNEW YORK (July 23, 2024) — Seven leading think tanks have released more than 200 policy recommendations to stabilize the national debt and navigate critical upcoming fiscal deadlines as part of the Peter G. Peterson Foundation’s Solutions Initiative 2024: Charting a Brighter Future.
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