Statement from Foundation Chairman, Pete Peterson, on House Speaker Boehner’s Comments
“We applaud Speaker Boehner’s statement that congressional Republicans are willing to accept new revenues as part of a comprehensive fiscal plan. We are also pleased that President Obama has reached out to congressional leaders on both sides of the aisle. These are encouraging signs that the President and Congress may be moving toward compromise.
There is widespread agreement across the ideological spectrum about the dangers posed by the fiscal cliff, which looms just 54 days away. Our elected leaders should turn the fiscal cliff into a key moment of opportunity to bring the nation together to solve our long-term fiscal challenges.”
Further Reading
National Debt Puts Upward Pressure on Inflation and Interest Rates
America’s unsustainable fiscal outlook can have “significant consequences for price stability, interest rates, and overall economic performance,” according to a new report.
Here’s What a Budget Gimmick Is and How to Spot One
Lawmakers should avoid the use of budget gimmicks, which can hide the true fiscal impact of legislation.
What Is the Farm Bill, and Why Does It Matter for the Federal Budget?
The Farm Bill provides an opportunity for policymakers to comprehensively address agricultural, food, conservation, and other issues.