Peterson Foundation Statement on 2018 Midterm Election Results
Peterson Foundation Statement on 2018 Midterm Election Results
NEW YORK — Michael A. Peterson, CEO of the Peter G. Peterson Foundation, commented today on the results of this week’s midterm elections:
“As policymakers begin to prepare for the new landscape in Washington, they have both a requirement and a valuable opportunity to work together on fiscal solutions. Divided government means we need bipartisanship to address America’s most critical challenges, including our rising national debt.
“When it comes to our national debt, Americans are in agreement — eight in 10 voters across party lines want the new Congress to prioritize and solve this issue.
“With the return to trillion-dollar deficits this year, and growing interest costs outpacing investments in our future, this new Congress can’t afford to turn its back on our national debt. It is essential to find a bipartisan path to build a fiscal foundation for continued economic growth and prosperity for the next generation.”
Further Reading
Any Way You Look at It, Interest Costs on the National Debt Will Soon Be at an All-Time High
The most recent CBO projections confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.
Debt Ceiling Update: What’s at Stake
If lawmakers do not agree on raising or suspending the debt limit before the extraordinary measures are exhausted, there would be severe consequences.
Quiz: How Much Do You Know About the Federal Budget?
A strong fiscal outlook is an essential foundation for a growing, thriving economy. Take our quiz to see how much you really know about the federal budget.