Low Fertility and Fiscal Sustainability: The Effects of Past and Future Fertility Rates on the US Federal Budget Outlook
Low fertility and population aging have shaped the US federal government’s spending and revenue patterns, contributing significantly to the large and growing federal debt, which the CBO projects will grow from 98 percent of GDP in 2024 to over 150 percent by 2055. In Low Fertility and Fiscal Sustainability: The Effects of Past and Future ...
Testimony before the Joint Economic Committee: “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population”
On Wednesday, March 18th, AESG Policy Director Luke Pardue testified at the Congressional Joint Economic Committee’s hearing, “Keeping Our Promises: Labor Inflows, Maintaining Competitiveness, and Supporting an Aging Population.” His written testimony is below. Watch the complete hearing here and see more information about the hearing here. Chairman Schweikert, Ranking Member Hassan, and other members ...
Introduction: Building a More Resilient US Economy
The post-pandemic US economy features a strong labor market but also persistent inflation, rising levels of debt, and acute educational challenges. These issues are compounded by ongoing, systemic difficulties: domestic and global, economic and political. This policy volume considers these topics and others, with a thematic focus on building a more resilient US economy. The ...
Figure 1: Federal Spending and Revenues as a Share of GDP Since 1980
From, “The Next Business Tax Regime: What Comes After the TCJA,” by Owen Zidar and Eric Zwick