Budget Outlook

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Policy Basics

Long-term deficits and debt will affect the nation’s ability to fund important investments in the future.

We analyze long-term deficit and debt trends to illustrate the challenges we face and highlight potential solutions. We also encourage policymakers to enact measures to strengthen today’s job market as well as measures to reduce longer-term deficits.

In a Recession, Put Deficit Concerns Aside

The economy is in the 124th month of the longest expansion on record, and while expansions don’t die from old age alone, fears are rising that a recession may be on the horizon. Recessions can hurt...