Major Challenges Await the Next Administration
Whoever wins the 2024 presidential election must be prepared to confront a myriad of challenges. With the national debt approaching a new record high and interest costs accelerating, the looming insolvency of critical trust fund programs, and multiple significant tax and spending provisions expiring, it is critical that whoever is elected to occupy the Oval Office in 2025 takes steps to address these issues.
Committee for Responsible Federal Budget
After over two decades of uninterrupted borrowing, the U.S. national debt is higher as a share of the economy than at any time since World War II. Yet policymakers have done little to contain our $25 trillion national debt, and most legislation has added to it in recent years.
How would you handle the nation’s finances given the current situation and the long-term prospects?
Here’s your chance to find out…
The Committee for Responsible Federal Budget has a suite of interactive tools used by policymakers, opinion leaders, educators, and the public to gain a better understanding of the federal budget situation.
Our goal is to cut $6,700 billion from the Federal Budget to stabilize the debt at 98% of GDP by 2033.
Additional Interactive Tools
AmericaOffBalance.org Calculator
Congressional Budget Office Nonpartisan Analysis for the U.S. Congress—Workbook for How Changes in Economic Conditions Might Affect the Federal Budget: 2023 to 2033
The Committee for Responsible Federal Budget:
- Budgeting for the Future How would you fix the budget? Test your budget IQ, compare your budget priorities to the federal government’s, and much more.
- Debt Fixer Can Your Cuts Make a Difference? How would you handle the nation’s finances given the current situation and the long-term prospects? Here’s your chance to find out. Build your own Federal budget with our Debt Fixer Tool.
- COVID Money Tracker Track trillions of dollars of spending, tax cuts, grants, and other measures taken by the Executive branch and the Federal Reserve. We’re following the dollars over time because the public deserves to know how this funding is spent.
- Insolvency Countdown Over the next decade, important federal trust funds managing Social Security, Medicare and highways face a combined $3.6 trillion shortfall. Share our countdown widget on your website to help highlight this important issue.
- The Social Security Reformer tool allows you to choose from a number of options to modify Social Security tax and benefit levels in order to close the program’s 75-year shortfall and keep it sustainable for future generations.
- How Old Will You Be? Want to know if you will receive Social Security benefits when you retire? Use our calculator to determine how old you’ll be when the Social Security program becomes insolvent.
- Is It Worth It? See the costs of proposed policies, tax breaks, and federal spending in the U.S. Budget, and compare the annual cost to the cost per person, taxpayer, or household.