Statement from Peterson Foundation Upon Senate Passage of the Bipartisan Budget Act of 2013
NEW YORK — Michael A. Peterson, President and COO of the Peter G. Peterson Foundation, released the following statement today following Senate approval of the Bipartisan Budget Act of 2013:
“This budget deal doesn’t address the real drivers of our long-term debt, but it establishes a foundation for continued bipartisan collaboration. Congress and the President should build on this first step by working together in 2014 on the key fiscal and economic issues we face. Putting our nation on a stable long-term fiscal path is essential to growing our economy now, and providing prosperity and security for future generations of Americans.”
Further Reading
The One Big Beautiful Bill Act Is the Most Expensive Reconciliation Package in Recent History
This week, lawmakers in Congress approved reconciliation legislation that will add trillions of dollars to America’s already unsustainable fiscal trajectory
Healthcare Costs Are a Major Driver of the National Debt and Here’s the Biggest Reason Why
One of the largest drivers of that rising debt is federal spending on major healthcare programs, such as Medicare and Medicaid.
Despite Decades of Warnings, Depletion of Social Security’s Trust Fund Is Getting Closer
The depletion dates for Social Security and Medicare’s Trust Funds are rapidly approaching.