The Peter G. Peterson Foundation is a nonpartisan organization dedicated to America's fiscal and economic future. Follows/Retweets/Replies ≠ endorsement.
Joined October 2011
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Defense spending by the United States accounted for 33% of all military spending around the world. pgpf.org/article/the-united-…
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We spend more on interest on the national debt than on children.
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Without reform, all Social Security beneficiaries will face an immediate, automatic cut of 22 percent in 2032.
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Inflation has reached a three-year high. Here’s how the rising rate affects everything from the economy to interest on the national debt.
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Here’s how Americans end up paying for our skyrocketing national debt.
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The Social Security Trustees’ annual report shows that this essential program is on an unsustainable path. Here's a summary of the key takeaways.
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In just six years, millions of older Americans will face an automatic cut of 22 percent to their #SocialSecurity retirement benefits. pgpf.org/article/social-secu…
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“It’s important to recognize that the Senators we elect this year will be in office when Social Security becomes unable to pay out full benefits, so this must be a central campaign issue.”
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“It’s important to recognize that the Senators we elect this year will be in office when Social Security becomes unable to pay out full benefits, so this must be a central campaign issue."
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Some analysts note that more foreign-owned debt reduces the control of financial markets in the United States.
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The Earned Income Tax Credit is a highly effective anti-poverty tool, especially when it comes to child poverty. Learn more about this tax credit and its place in the budget.
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Federal healthcare spending which includes #Medicaid, #Medicare and #CHIP, is projected to double what it costs today by 2036.
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Implementing a value-added tax would be a major change in fiscal policy that could greatly improve the imbalance between federal spending and revenues.
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Defense spending by the United States accounted for 33% of all military spending around the world.
pgpf.org/article/the-united-…
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Rising inflation usually prompts higher interest rates, which in turn boost interest paid on the federal debt and thereby increase annual deficits.
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Here’s an overview of #inflation, why it matters, and how it’s managed.
pgpf.org/article/what-is-inf…
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