Statement from Foundation Chairman Pete Peterson on New Simpson-Bowles Deficit-Reduction Framework

"Alan Simpson and Erskine Bowles have again shown tremendous leadership in focusing the public's attention on our nation's serious long-term fiscal challenges and keeping all options on the table as they seek bipartisan solutions. Simpson and Bowles make clear that improving economic growth and addressing our long-term fiscal challenges is not an either-or proposition. We can and must do both. Simpson and Bowles are offering Washington a way beyond its current impasse with a new, comprehensive framework to strengthen the economy, reform the tax code, and fix the major drivers of long-term debt. Their ideas deserve serious consideration in Congress and at the White House."